In a widely expected move, the Bank of Canada announced on Wednesday that it has once again decided to leave interest rates unchanged.
The Canadian central bank said it decided to hold its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
In its accompanying statement, the BoC said the ongoing Middle East conflict and the resulting increases in energy prices and disruptions in global supply chains are weighing on global economic growth and pushing up inflation.
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