Bank of Canada keeps key rate un­changed

China Daily (Hong Kong) - - BUSINESS -

The Bank of Canada kept its in­ter­est rate un­changed at 1.75 per­cent on Wednesday as the sharp de­cline in oil prices tem­po­rar­ily dimmed Canada’s eco­nomic out­look for the com­ing months. The bank has raised its key rate five times since the sum­mer of 2017 to keep in­fla­tion in an ac­cept­able range, typ­i­cally be­tween 1 per­cent and 3 per­cent an­nu­ally.

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