Apr 10, 02:40 PM

Bank of Canada Maintains Rates, June Rate Cut Possible

The Bank of Canada, led by Governor Tiff Macklem, has maintained its current interest rate but has signaled the possibility of a rate cut in June, underlining a flexible approach to economic conditions. This development, highlighted in a statement saying 'Posthaste: Bank of Canada expected to hold rates, but open the door to cuts', comes as a significant hint towards the central bank's future monetary policy direction, impacting borrowers and investors alike. The possibility of a June rate cut, described as 'within the realm of possibilities', was confirmed by Macklem, indicating a readiness to adjust policy in response to economic shifts.

#Bank of Canada #Tiff Macklem #Macklem

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