6 March 2013

Bank of Canada meeting – no rate changes, no bubble anymore

Today the Bank of Canada left its key lending rate at 1% again, saying that slower economic growth and lower inflation mean that significant monetary stimulus will probably remain necessary for a certain period of time.

The Bank also has revised its policy intentions and now says the risk of a housing bubble is gone already, so the future rate hikesmay not be so appropriate in order to protect consumers from piling on debt…

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