Central Bank of Canada left the key rate at 1.75% per annum


Following the results of the meeting on Wednesday, the Central Bank of Canada retained the key rate unchanged at the level of 1.75% per annum. The previous rate change was in October of this year, when the Central Bank raised it from 1.5% to 1.75%. The regulator explained the decision not to change the rate by the fact that in recent years most of the major economies of the world slowed down their growth, and a significant drop in prices was observed in the oil market. At the same time, the Canadian regulator believes that the situation with trade conflicts has not cleared up. All these factors influenced the decision to keep the rate unchanged.

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