The central bank said in a statement that officials remain concerned about upside risks in the inflation outlook, and added they are ready to raise rates again if necessary.
All 11 economists surveyed last week by The Wall Street Journal predicted no change from the Bank of Canada on interest rates. Eight of the economists surveyed said they anticipate rate cuts from the central bank would begin in the second quarter of 2024 as data show the economy slowing, unemployment rising and inflation cooling.
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