-
Bank of Canada Leaves Interest Rates on Hold as Uncertainty Increases
The Bank of Canada left interest rates unchanged at 0.50% following the latest monetary policy meeting. The Governing council stated that the overall balance of risks remains within the zone for which the current stance of monetary policy is appropriate. There was increased uncertainty over the outlook with the bank uneasy over the potential implications of very loose financial market conditions which would discourage any further monetary easing. The overall fundamental elements in the bank’s projections were little changed from the April report, but there was a slight downward revision to growth forecasts due to a ... (full story)