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Stories Tagged - one per cent
News
Dec. 04, 2014 | CREBNow
Bank of Canada maintains overnight rate
The Bank of Canada has maintained the overnight interest rate at one per cent - unchanged since September 2010.
Here's the statement from the bank (published Dec. 3) :
Here's the statement from the bank (published Dec. 3) :
News
Sept. 04, 2014 | CREBNow
Overnight rate maintained at one per cent
The Bank of Canada today announced yesterday it was maintaining its overnight rate at 1 per cent.
"Inflation is close to the two per cent target and is evolving as the Bank anticipated in its July Monetary Policy Report (MPR)," said a release from the Bank. "Recent data reinforce the Bank's view that the earlier pickup in inflation was attributable to the temporary effects of higher energy prices, exchange rate pass-through, and other sector-specific factors rather than to any change in domestic economic fundamentals."
"Inflation is close to the two per cent target and is evolving as the Bank anticipated in its July Monetary Policy Report (MPR)," said a release from the Bank. "Recent data reinforce the Bank's view that the earlier pickup in inflation was attributable to the temporary effects of higher energy prices, exchange rate pass-through, and other sector-specific factors rather than to any change in domestic economic fundamentals."
