By CentralBankNews.info
Canada’s central bank maintained its policy rate at 1.0 percent, as widely expected, and said the “substantial monetary policy stimulus currently in place remains appropriate” and cautioned that the downside risks to inflation “appear to be greater.”
The Bank of Canada (BOC), which has maintained its target for the overnight rate at 1.0 percent since September 2010, also said that the risks associated with “elevated household imbalances have not materially changed” and economic growth is broadly in line with the bank’s forecast from October.
