Canada’s Bank of Canada Governor Stephen Poloz released his Monetary Policy Report on Wednesday (January 22). After describing the economic situation in Canada, and his concerns about low inflation, he announced that the bank would maintain its overnight interest rate at 1 per cent.
RCI’s Wojtek Gwiazda has a report.
More information:
Bank of Canada Governor – Release of the Monetary Policy Report (opening statement) – here
Bank of Canada press release – Bank of Canada maintains overnight rate target at 1 per cent – here
Video of Bank of Canada Governor’s press conference – here
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