Freeland welcomes Bank of Canada rate pause
Finance minister qualifies statement as other politicians attack monetary policy
Canadian finance minister Chrystia Freeland praised the central bank’s decision to hold the policy rate and defended its independence in a statement on September 6.
Freeland’s support of the Bank of Canada came amid growing criticism of its monetary policy from all points on the political spectrum. The central bank had announced its decision to hold the rate at 5% earlier that day.
“The Bank of Canada’s decision to maintain its overnight interest rate is welcome relief for Canadians,“ said
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