1 March 2011
Moreover, there is more and more evidence of a future demand rebalancing”.
• “The global inflationary pressure is increasing, but in the same time the inflation in Canada is consistent with the Bank’s forecasts”.
• It was also noted that today’s decision leaves “significant monetary stimulus in place”. The BoC said “any further reduction of monetary policy stimulus will be thoroughly discussed and considered”.
The next Bank of Canada rate meeting is April 12.
According to economists’ forecasts, the next rate hike isn’t expected until May 31 or July 19. But it’s necessary to understand that all forecasts can change in time, so it’s not recommended to use them as guidance.