Bank of Canada keeps rates at 1.75%, trims 2020 economic forecast

The Bank of Canada is keeping its key interest rate target on hold at 1.75 per cent and forecasting a slower-than-expected start for the Canadian economy for 2020.

The central bank says in its latest forecast that the Canadian economy will grow by 1.6 per cent this year, down 0.1 of a percentage point from its projection in October.

Source: https://globalnews.ca/news/6445742/bank-of-canada-rate-announcement-jan-22-2020/