60FINANCE
⚡ Markets: The Bank of Canada's hawkish hold signals that central banks in developed economies remain concerned about inflation, reinforcing the 'higher for longer' interest rate narrative. Supports the Canadian dollar (CAD).USDCADCAD
The Bank of Canada maintained its key interest rate at its current level, citing a desire to assess the impact of previous hikes. However, the central bank adopted a hawkish tone, stating that multiple further rate increases might be necessary to combat persistent inflation.
West MSM 2Financial press 13 countries
3 sources across the spectrum