But TD argues the Bank should raise rates to deal with Canada’s weak productivity performance
Rate hike would ease inflationary pressure, MPC says
ECB leaves European rates unchange
The U.S. Federal Open Market Committee decided today to keep its target for the federal funds rate at 5.25%.The FOMC voted unanimously to leave rates unchanged. Today’s outcome was widely expected by economists.An accompanying statement acknowledged some recent weakening in the economy, but otherwise mirrored the previous one issued on March 21 in which officials […]
Savings rate has increased to 4.75% from 4.5%
The Bank of Canada suggests that the Canadian economy was operating just above its production capacity in Q1
Lower projected short rates suggest the possibility of a Fed rate cut at some point during the next two quarters
Overnight rate remains at 4.25%
The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada keep its target for the key overnight interest rate at 4.25% when it makes its next announcement on April 24. The MPC is a panel sponsored by the C.D. Howe Institute to provide an independent assessment of the monetary stance […]
If there is a move in interest rates this year, the U.S. Federal Reserve Board is more likely to cut rates, whereas the Bank of Canada is more likely to have to raise them, say TD Bank economists.“We continue to believe that the most likely outcome on the monetary policy front is that both central […]