Bank of Canada Keeps Rates at 5%

The Bank of Canada has decided to keep its interest rate steady at 5% during its September meeting, as expected by the market. Despite inflation being above target at 3.3%, the Canadian dollar remains neutral. A panel discussion follows, analyzing the decision and future expectations. While some believe the rate hikes might be over, uncertainty remains due to persistent inflation concerns. The Bank of Canada is prepared to hike rates again if necessary, with two more meetings scheduled before the year's end.

What was the Bank of Canada's decision regarding the interest rate in the September meeting?

• Decrease the rate to 4%

• Keep the rate steady at 5%

• Eliminate the interest rate

• Increase the rate to 6%

Why was the Bank of Canada's decision to keep the interest rate at 5% expected?

• Because inflation was above target

• Because of a global economic downturn

• Because inflation was below target

• Because the Canadian dollar was strong

Who are the panelists discussing the Bank of Canada's decision?

• Earl Davis, Mark Carney, and Devlin

• Jim Thorne, Mark Carney, and Earl Davis

• Jim Thorne, Devlin, and Earl Davis

• Devlin, Mark Carney, and Jim Thorne

What is the main concern of the Bank of Canada according to the panelists?

• Rising unemployment

• Strengthening Canadian dollar

• Sticky inflation

• Decreasing GDP

How many more meetings are expected before the end of the year according to the panel?

• Four

• Three

• Two

• One