{"id":99787,"date":"2024-04-10T18:20:00","date_gmt":"2024-04-10T14:20:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=99787"},"modified":"2024-04-10T21:25:26","modified_gmt":"2024-04-10T17:25:26","slug":"bank-of-canada-keeps-rates-unchanged","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bank-of-canada-keeps-rates-unchanged\/04\/10\/market-updates\/","title":{"rendered":"Bank of Canada keeps rates unchanged"},"content":{"rendered":"\n<p>Bank of Canada left its interest rate unchanged in April meeting, reiterating that it\u2019s premature to discuss turning to QE anytime soon.<\/p>\n\n\n\n<p>The central bank left policy rates at 5.00% for the sixth time in a row, in line with market expectations. The BoC statement also referred to increasing growth estimates in 2024 and expected that inflation will hit its policy taget in 2025.<\/p>\n\n\n\n<p>The statement added that Canadian economy is expected to restore balance by 2026 in addition to turning robust, \u201creflecting strong immigration\u201d.<\/p>\n\n\n\n<p>The bank also said: &#8220;Q1 output gap is estimated to be between -0.5% to -1.5%; potential output growth expected to slow from 2.5% in 2024 to about 1.6% on average over 2025 and 2026&#8221;.<\/p>\n\n\n\n<p>It added that &#8220;For current wage growth to become compatible with 2% inflation target, productivity growth would need to increase substantially&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of Canada left its interest rate unchanged in April meeting, reiterating that it\u2019s premature to discuss turning to QE anytime soon. The central bank left policy rates at 5.00% for the sixth time in a row, in line with market expectations. The BoC statement also referred to increasing growth estimates in 2024 and expected &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61436,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6991,7435,6987],"class_list":["post-99787","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-bank-of-canada","tag-canadian-dollar","tag-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=99787"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99787\/revisions"}],"predecessor-version":[{"id":99788,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99787\/revisions\/99788"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61436"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=99787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=99787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=99787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}