Bank of Canada will announce decision on target for overnight rate today

Posted: January 24, 2024 9:42 am
By Web Team


The Bank of Canada will announce the interest rate adjustment today at 11:15 a.m. Newfoundland time.

This will be the first update of 2024. The interest rate currently sits at five percent.

In December, the inflation rate increased to 3.4 per cent.

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