BoC's Tiff Macklem: The governing council unanimously agreed to maintain rates at 5%
|As anticipated, the Bank of Canada (BoC) decided to maintain its key rate at 5.0%, matching its decision at the January 24 gathering. In its policy statement, the BoC reiterated that it needs to see further progress in core consumer prices at a time when it deems premature any attempt to loosen the current restrictive stance.