-
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Inflation in Canada is close to the 2 per cent target. Core inflation rose more rapidly than was expected in the Bank’s July Monetary Policy Report (MPR), mainly reflecting unexpected sector-specific factors. Total CPI inflation is evolving broadly as expected, as the pickup in core inflation was largely offset by lower energy prices. Underlying inflationary pressures are muted, given the persistent slack in the economy and ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Oct 22, 2014 10:12am Oct 22, 2014 10:12am
- sundown858
- | Joined Nov 2009 | Status: Member | 56 Comments
- Comment #2
- Quote
- Oct 22, 2014 10:16am Oct 22, 2014 10:16am
- Kahn88
- | Joined Jul 2014 | Status: Member | 11 Comments
- Comment #3
- Quote
- Oct 22, 2014 10:23am Oct 22, 2014 10:23am
- san99
- | Joined Jan 2014 | Status: Member | 282 Comments
Enter Signature