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Poloz to Keep Canada Interest Rate Pause on ‘Lowflation’ Concern
Early signs of an economy moving toward full economic health probably won’t be enough to prompt Bank of Canada Governor Stephen Poloz to alter the stance of monetary policy today. The target for overnight loans between commercial banks will remain 1 percent for a 29th meeting in a decision at 10 a.m. New York time, according to all 18 economists surveyed by Bloomberg News. Poloz will speak to reporters from Toronto 30 minutes later. Poloz has said he’s “neutral” about the next policy move and last week highlighted the risks posed by persistently slow inflation. Today’s statement will maintain that message, ... (full story)