Bank of Canada points to trade tensions as it leaves rates unchanged
Above-target inflation in October is expected to fall in coming months
The governing council of the Bank of Canada left interest rates unchanged after its monetary policy meeting today (December 5). Policy-makers stressed the damaging effects of trade disputes on the economy.
Rate-setters left the overnight rate at 1.75%, the bank rate at 2% and the deposit rate at 1.5%.
Despite the hold, the central bank plans to continue the gradual tightening initiated in 2017. The “governing council continues to judge that the policy interest rate will need to rise into a
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