BoC keeps policy interest rate anchored at 1%, sees economy as mildly weaker

Author: неталекс [285 views] 2012-12-04 13:58:22

OTTAWA - The Bank of Canada is keeping its trendsetting interest rate anchored at one per cent for the remainder of the year and sending a message that it still believes the cost of borrowing will go up at some point in the future.

The decision by the central bank's policy setting panel was in line with the expectations of markets and economists, who had given only low odds to governor Mark Carney removing a mild bias towards raising rates sometime.

http://ca.news.yahoo.com/economy-down-carney-unlikely-change-tune-interest-rate-090010489.html

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