Y Media- The biggest South Asian Media House|Saturday, March 23, 2019
You are here: Home » Canada » Bank of Canada Maintains Overnight Rate Target at 1 ½ Percent
  • Follow Us!

Bank of Canada Maintains Overnight Rate Target at 1 ½ Percent 

OTTAWA: The Bank of Canada today maintained its target for the overnight rate at 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent. CPI inflation moved up to 3 per cent in July. This was higher than expected, in large part because of a jump in the airfare component of the consumer price index. The Bank expects CPI inflation to move back towards 2 per cent in early 2019, as the effects of past increases in gasoline prices dissipate. The Bank’s core measures of inflation remain firmly around 2 per cent, consistent with an economy that has been operating near capacity for some time. Wage growth remains moderate.

Related posts:


Warning: file_get_contents(http://ipinfo.io/34.236.145.124): failed to open stream: HTTP request failed! HTTP/1.0 429 Too Many Requests in /home/southasiandaily/public_html/wp-content/themes/localnews/footer.php on line 84
X