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Foreign Central Banks

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The four major central banks continue to keep their policy settings unchanged. The Bank of Canada, on the other hand, raised its policy rate 25 basis points to 2.25% in mid-April. The bank said this move was aimed at “keeping inflation at its 2 per cent target over the medium term” in the face of “stronger-than-expected economic growth in Canada and the United States.”


Suggested citation: "Foreign Central Banks," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-05, pp. 18, 05.01.2002.

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