Bank of Canada maintains policy rate amidst global economic challenges
New Delhi [India], October 26 (ANI): The Bank of Canada has opted to keep its policy rates unchanged. The central bank announced that it would hold the target for the overnight rate steady at 5 per cent, with the bank rate remaining at 5.25 per cent and the deposit rate at 5 per cent.
This decision underscores the Bank's commitment to the policy of quantitative tightening.
The global economic landscape has been marred by