Bank of Canada April 10th 2024 Rate Announcement
The Bank of Canada has held interest rates in place for a sixth consecutive time, leaving its policy rate unchanged even as speculation continues to grow around a timeline for its first cut.
The central bank said this morning that it was keeping its benchmark interest rate, which leads variable mortgage rates in Canada, at its current level of 5.0% as it continues to weigh up the inflation outlook and whether the economy is slowing at a desired pace.
What do you think? Will they do more than one rate cut this year?
