The Bank of Canada has called a halt to its quantitative easing programme, as the country’s economic recovery continues to be matched by surging inflation.

The central bank said today (October 27) it is moving into a “reinvestment phase”, in which it will maintain its stock of government bonds at the current level of around C$430 billion (US$350 billion). It had gradually tapered its asset purchases in recent months.

The BoC said “robust” growth resumed in the Canadian economy after a “pause”