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The BoC’s primary goal is to return inflation to 2 percent but it also has to support maximum sustainable employment
The Bank of Canada held its policy rate at 5 percent on March 6, and said it remains concerned about the outlook for inflation.
How to ensure financial privacy remains a major obstacle for CBDCs
Global macro strategist notes that skyrocketing population growth necessitates higher interest rates.
The move comes despite public consultations that found a large majority of Canadians (85 percent) say they would not use a central bank digital currency.
The firm says the expected rate cuts will relieve some of the price pressures though Canadians shouldn’t expect the rates to return to their pre-pandemic lows.
