Charlene Mattick › Stripped Down: Vancouver landmark makes way for a new 'hood › Blog › When will the Bank of Canada raise interest rates?

Constantine Isslamow

Broker of Record

United Realty Inc., Brokerage*

387 George Street South , Po Box 178

Peterborough, ONK9J 6Y8

constantine.isslamow@century21.ca
Office: 705-743-4444
Office Fax: 705-743-9606
Connected To More
Signed in as . Sign Out.
Subscribe

When will the Bank of Canada raise interest rates?

As the economy begins to creep out of its economic rut, the market has begun to speculate on when interest rates will rise. The Bank of Canada pledged in April to hold interest rates at 0.25% until the end of June, 2010. The move was designed to ease credit pressures on financial institutions and consumers as the recession intensified. However, the pledge -- an unconventional monetary policy tool used to keep short-term interest rates and mortgage rates low -- came with an exit clause. If price inflation begins to threaten the economy, the central bank could raise interest rates earlier. But will they? Time will only tell.

I hope you find this information useful.  Thanks for stopping by.

Constantine Isslamow

Broker/Manager

Posted by Constantine Isslamow on August 5, 2009
Tags: Bank of Canada Century 21 Peterborough Certified Mentor Interest Rates Local Experts Peterborough Market Update Masters Edge Peterborough Mortgage Broker Peterborough Mortgage Rates Real Estate Sales Realtor Variable Rate Mortgage
Subscribe