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\u00a0The Bank of Canada kept its monetary policy and interest rate at the current levels at 0.25%, as well as expectations unchanged, and the bank maintained its directions for future monetary policy<\/span><\/span>.<\/span><\/span><\/p>\n And the interest report from the Bank stated that the Canadian economy recorded a growth of about 5.5% in the third quarter, as expected, and that recent economic indicators indicate that the economy has great momentum in the fourth quarter of this year, as Canada created jobs in recent months that brought the economy back to before the pandemic. <\/span><\/span><\/p>\n The inflation index represented by the consumer price index is rising, benefiting from the rise in commodity prices and it is expected that it will take some time to get back on track, as the bank still expects inflation to remain high in the first half of this year and to decline to 2% in the second half of next year. <\/span><\/span><\/p>\n The Board believes that despite this positive situation, the economy still needs significant support for monetary policy, and that the bank still needs low interest levels in order to absorb the economic stagnation so that the bank’s 2% target is achieved in a sustainable manner. <\/span><\/span><\/p>\n So, the bank kept its policy unchanged, even in the tone of the statement, and the bank maintained its expectations that the first rate hike would not happen before April or at least March, and accordingly, attention will turn to the next bank meeting on January 26, 2022. <\/span><\/span><\/p>\n The Canadian dollar is trading at 1.2631 levels, declining since the announcement of the statement against the US dollar, as the markets were anticipating a more hawkish tone, especially after the recent positive data.<\/span><\/span><\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" \u00a0The Bank of Canada kept its monetary policy and interest rate at the current levels at 0.25%, as well as expectations unchanged, and the bank maintained its directions for future monetary policy. And the interest report from the Bank stated that the Canadian economy recorded a growth of about 5.5% in the third quarter, as […]<\/p>\n","protected":false},"author":1,"featured_media":2961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currency-markets"],"acf":[],"yoast_head":"\n