The Bank of Canada held the interest rate unchanged at 1.75 per cent Wednesday. The bank has raised its key rate five times since the summer of 2017, they are attempting to keep inflation at an acceptable range The bank last raised its rate in October, before deciding to do nothing in December and then again Wednesday. The bank did indicate their plan is to raise the rate again sooner rather than later. "The policy interest rate will need to rise over time into a neutral range to achieve the inflation target," the bank said.
Bank of Canada Interest Rate
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