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The Bank of Canada left its benchmark interest rate unchanged at 1.75 percent on October 30th 2019, as widely expected. It remained the highest rate since December 2008. Policymakers said that in considering the appropriate path for monetary policy they will monitor the extent to which the global slowdown spreads. The Committee added that they will pay attention to global developments as the resilience of the economy will be tested amid persistent trade conflicts and uncertainty. The Bank Rate and deposit rate were also left unchanged at 2.0 percent and 1.50 percent, respectively.

The Bank of Canada kept its benchmark interest rate steady at 1.75 percent on September 4th 2019, as widely expected. It remained the highest rate since December 2008. Policymakers said that the degree of monetary policy accommodation is appropriate and noted that the economy is operating close to potential and inflation is on target. The Committee added that they will pay attention to global developments and their impact on the outlook for economic growth and inflation. The Bank Rate and deposit rate were also left unchanged at 2.0 percent and 1.50 percent, respectively.

The Bank of Canada held its benchmark interest rate at 1.75 percent on July 10th 2019, as widely expected. It remained the highest rate since December 2008. Policymakers said that the degree of monetary policy accommodation is appropriate and noted that the economy outlook is clouded by ongoing global trade tensions. The Committee added that they will continue to monitor developments in the energy sector and the impact of trade conflicts on the prospects for domestic economic growth and inflation. The Bank Rate and deposit rate were also left unchanged at 2.0 percent and 1.50 percent, respectively.

The Bank of Canada left its benchmark interest rate unchanged at 1.75 percent on May 29th 2019, as widely expected. It remained the highest rate since December 2008. Policymakers said that the degree of monetary policy accommodation is appropriate and that they will remain data dependent for future policy decisions. The Committee added that they will continue to monitor developments in household spending, oil markets and the global trade environment. The Bank Rate and deposit rate were also left steady at 2.0 percent and 1.50 percent, respectively.

The Bank of Canada held its benchmark interest rate at 1.75 percent on April 24th 2019, as widely expected. It remained the highest rate since December 2008. Policymakers said that an accommodative policy interest rate continues to be warranted. The Committee added that they will be evaluating the appropriate degree of monetary policy accommodation depending on developments, which include household spending, oil markets, and global trade policy. The Bank Rate and deposit rate were also left unchanged at 2.0 percent and 1.50 percent, respectively.

The Bank of Canada left its benchmark interest rate unchanged at 1.75 percent on March 6th 2019, as widely expected. It remained the highest rate since December 2008. Policymakers said that the outlook continues to warrant a policy interest rate that is below its neutral range. The Committee added that they will be watching closely developments in household spending, oil markets, and global trade policy as there is a rise in the uncertainty about the timing of future rate hikes. The Bank Rate and deposit rate were also left unchanged at 2.0 percent and 1.50 percent, respectively.