But additional firming may be needed in the near future to address inflation risks
News may impact U.S. Federal Reserve Board interest rate decision next week
Unexpected move deemed necessary to bring CPI inflation back to the target in the medium term
Volatility should continue until rates start creeping downwards
Dates run from September through December 2007
Total economic growth this year projected to be 3.2%
The Bank of Canada (Boc) today announced that it is maintaining its target for the overnight rate at 4.25%. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4.5%.IIn its commentary accompanying Tuesday’s rate decision, the central bank said that while economic growth in the first half of this […]
Bank of Canada decision coming Tuesday
ECB likely to hike rates in August: report
Additional increases may be necessary to tame inflation