The central bank has decided to hold its key rate at 4.5% while reiterating it is taking a wait-and-see approach with respect to monetary policy.

“Inflation has eased somewhat but remains elevated” the Federal Open Market Committee relayed in a statement.

“We have raised rates rapidly, and now it’s time to pause and assess whether monetary policy is sufficiently restrictive to bring inflation back to the 2% target,” Tiff Macklem said.

Our federal and provincial governments offer fixed-income securities to consumers and investors to fund operations, including Treasury Bills and Treasury Bonds.

“Ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.”