Central Bank Watch
Bank of Canada’s Policy Interest Rate Held steady at 4.50%
April 12, 2023
Canada’s key interest rate had been raised at all eight scheduled policy reviews from March 2022 through January 2023 by a total of 425 basis points from 0.25% to 4.50%, but no change was made at the March 2023 review, nor today. As was the case in March, officials have not ruled out a further […] More
New Overnight Developments Abroad - Daily Update
Awaiting U.S. March CPI Data and FOMC Minutes
April 12, 2023
Market attention today is fixated on these two U.S. economic releases. While a further deceleration is expected of total CPI inflation, which already has dropped from 9.1% last June to a 17-month low of 6.0% in February, a rise of core inflation (excluding food and energy) above February’s 14-month low of 5.5% also appears plausible. […] More
