The Bank reinforced its pledge to keep rates on hold.

So, in its most recent interest rate announcement, the Bank reinforced its pledge to keep rates on hold at least until after June of 2010. Since the timing of rate moves is geared to the timing of getting inflation back to the 2% target, if anything, the Bank may even add a few months to when it anticipates pulling the trigger on the first rate hike.

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Bedros Manikian

Bedros Manikian

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CENTURY 21 Innovation
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