6 December 2019

“It questions the Bank’s recent comments on planning to follow the initial course”, – House noted.

The report followed a rate decision by the central bank earlier this week, when it kept its key lending rate at 1.75%, where it has stayed for more than a year already.

Meanwhile, many of the BoC’s international peers have already cut their rates and eased monetary policy reacting to weakness in the global economy. For instance, the U.S. Federal Reserve has made three cuts this year.

The optimistic sign is the gain in the annual growth of average weekly wages from 4.3% in October to 4.5%.

Moreover, the national economy has added 293,000 jobs from November 2018.