The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.
  • BedSharkPal@lemmy.ca
    5·
    5 months ago

    Seems like stagflation is a very real concern at this point.

    FED talking about raising rates, BoC cutting them - what could go wrong?