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https://www.wsj.com/articles/bank-of-canada-stands-pat-on-rates-on-expectation-of-inflation-growth-slowdown-62511090

Bank of Canada Stands Pat on Rates on Expectation of Inflation, Growth Slowdown

Central bank expects inflation to decelerate from current 5.2% level to 3% by midyear

By Paul Vieira
The Bank of Canada, based in Ottawa, kept its target for the overnight rate at 4.50%. Photo: David Kawai/Bloomberg News

OTTAWA—The Bank of Canada kept its main interest rate unchanged for a second straight decision, saying it was persuaded by recent data that inflation and economic activity are set to slow quickly in the coming months.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.