The Bank of Canada Maintaines its Interest Rate at 0.25%

The Bank of Canada Maintaines its Interest Rate at 0.25%. The Bank of Canada Tuesday maintained its economy-stimulating policy interest rate at 0.25% and repeated pledges to keep it there through the first half of this year, while leaving subtle room to change its mind next April.

The central bank in its scheduled policy rate announcement said that the rate would stay as pledged “conditional on the current outlook for inflation.” The insertion of the word “current” in former statements on the pledge reflects the BOC’s intention not to signal any change in outlook right now but to set itself up for a change in wording next April 20 should inflation factors change.- IM

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