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International Business Times
International Business Times
Business
AFP News

Canada Central Bank Holds Key Lending Rate At 5%

Canada Bank of Canada Inflation Economy
The Bank of Canada's governing council, led by Tiff Macklem, wants to see 'further and sustained easing in core inflation' (Credit: AFP)

The Bank of Canada on Wednesday held its key lending rate at five percent for the fourth time in a row, saying it remains concerned about stubbornly high inflation.

Despite a slower economy, the bank said in a statement that its "governing council wants to see further and sustained easing in core inflation," dampening hopes of imminent rate cuts.

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