Monetary Policy Council calls for target rate to rise to 1.25%
Laidler stepping down from council
Bank of Canada deputy highlights household debt growth
December minutes highlight modest improvement in U.S. economy
Little chance of Fed implementing rate increases next year, economists say
Next increase could come in March
Economic conditions worse
Carney may further downgrade BoC’s forecast for future growth
Economists divided over timing of future interest rate hikes
Source: The Associated PressThe Bank of England has held interest rates steady at a record low of 0.5% for the 20th consecutive month as the British economy shows signs of unexpected strength.The British central bank also kept its 200 billion pound ($323 billion) asset-purchase program on hold in Thursday’s announcement — declining to follow the […]