Carney keeps rate at 1%
Bank of Canada raises estimate for Canada's economic growth
The Bank of Canada elected to hold its benchmark overnight lending rate steady at one per cent in its latest policy decision on Tuesday."The global economic recovery is proceeding at a somewhat faster pace than the bank had anticipated, although risks remain elevated," the bank said in a statement.
"Any further reduction in monetary policy stimulus would need to be carefully considered."
The statement gave no clear indication as to when the bank might start raising rates again.
0 comments:
Post a Comment