What should we expect from the next Bank of Canada rate meeting?
Until this time the Bank of Canada rate meetings, which are held eight
times a year, took place on Tuesdays at 9 a.m. Meanwhile, the central
bank’s Monetary Policy Report was usually announced four times a year on
Wednesdays at 10: 30 a.m. Then an official news conference with the
bank governor was held… Read more
What should we expect from the next Bank of Canada rate meeting? Until this time the Bank of Canada rate meetings, which are held eight times a year, took place on Tuesdays at 9 a.m. Meanwhile, the central bank’s Monetary Policy Report was usually announced four times a year on Wednesdays at 10: 30 a.m. Then an official news conference with the bank governor was held. From this Wednesday, the rate meeting and the quarterly Monetary Policy Report will be both announced at 10 a.m. on Wednesdays. The conference with Mark Carney,leaving the post on June 1, will take place at 11:15 a.m. 4 additional rate meetings will be also geld on Wednesdays. Please watch for announcements on our web-site and on our live interviews on Radio+ AM1430. The inflation was as low as 0.8% in November (with the BoC’s target level of 2%) and the economic growth was really weak in the fourth quarter. As a result, the policymakers are not expected to raise 1% overnight rate until late 2013 or even early 2014. In addition to it, the economic growth is also expected to remain weak until the second half of 2013 which also weight down on potential rate hikes from Bank of Canada.
