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Bank of Canada Holds Key Rate at 5%, Indicates Thinking Shifting Toward Rate Cuts

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Bank of Canada Holds Key Rate at 5%, Indicates Thinking Shifting Toward Rate Cuts
The Bank of Canada building is shown in Ottawa in a file photo. The Canadian Press/Sean Kilpatrick
Rahul Vaidyanath
Updated:
0:00
OTTAWA—The Bank of Canada (BoC) held its key interest rate at 5 percent Jan. 24, as widely expected, and indicated it’s thinking about when it should start slashing rates.

Discussions at the central bank have moved from whether its key policy rate is high enough to how long it should be maintained at five percent, according to prepared remarks by Bank of Canada Gov. Tiff Macklem.

Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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