Bank of Canada holds the overnight rate at 0.5%

(November 04, 2015)

·           Bank of Canada held the overnight rate at 0.5%, which was in line with expectations.
·           The economy rebounded mid-year as expected, and inflation is following the Bank’s expectations.
·           The Bank judged risks to the outlook for inflation as roughly balanced and “current stance of monetary policy remains appropriate.”
The Bank of Canada met market expectations and maintained the overnight rate at 0.5... read more.