Subscribe
Viewing All Posts. 2 Posts Found.
Page: 1   Previous | Next

Bank of Canada maintains overnight rate target at 1 per cent

22 January 2014 Contact: Media Relations 613 782-8782 Ottawa - 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 has moved further below the 2 per cent target, owing largely to significant excess supply in the economy and heightened ...

Bank of Canada holds key rate at 1%

In no rush to hike interest rates The Bank of Canada held its trend-setting Bank Rate at 1.25 per cent on May 31, 2011. This marks the sixth consecutive policy rate announcement for which interest rates have been kept on hold.   The Bank now sees headline inflation as staying above 3 per cent in the short term. It nonetheless maintained its inflation outlook included in its April Montary ...
Viewing All Posts. 2 Posts Found.
Page: 1   Previous | Next