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Technology Bank of Canada to make interest rate decision, expected to hold steady

11:40  30 october  2019
11:40  30 october  2019 Source:   msn.com

All eyes on Bank of Canada's rate decision, view of global economic climate

All eyes on Bank of Canada's rate decision, view of global economic climate OTTAWA — Canadians will hear from the Bank of Canada on Wednesday for the first time in eight weeks as it releases an economic assessment that follows a summer marked by growing trade tensions and a dimming global outlook. Governor Stephen Poloz is widely expected to hold the overnight interest rate at 1.75 per cent in the bank's first policy announcement — or public commentary of any kind — since early July. The main focus Wednesday will be on

The Bank of Canada keeps its benchmark interest rate at 1.75 per cent, and downgrades its forecast for economic growth from 1.7 per cent this year "Growth during the first half of 2019 is now expected to be slower than was anticipated in January," which is why the bank is keeping its rate low, to help

The Bank of Canada left its key interest rate unchanged at 1.75% and offered no clear signal that a rate cut is imminent, even as it warned global trade conflicts are “taking a toll” on the Canadian BOC keeps rate unchanged at 1.75%, says growth is expected to slow in second half of this year.

a sign on the side of a building© Provided by Canadian Press Enterprises Inc

OTTAWA — The Bank of Canada will deliver an interest-rate decision today, post fresh projections and provide the first public comments by its senior figures since before the federal election campaign.

The central bank is widely expected to hold its policy rate at 1.75 per cent, where it's been set for just over a year.

Markets, however, will be focused on what could happen in the coming months — and they will study governor Stephen Poloz's take on the state of the Canadian and global economies.

Some of the most-prominent indicators — such as strong employment and healthier wages — have underlined Canada's resilience.

Bank of Canada holds interest rate as it takes stock of trade war impacts

Bank of Canada holds interest rate as it takes stock of trade war impacts Bank of Canada holds interest rate as it takes stock of trade war impacts

Canada 's central bank has decided to keep its benchmark interest rate at 1.75 per cent, and says the timing of possible future hikes has become increasingly uncertain. Bank of Canada Governor Stephen Poloz's next interest rate decision is scheduled for the end of April.

The Bank of Canada is expected to hold interest rates steady one more time this week – and in doing so Another stand-pat decision by the Bank of Canada would leave it increasingly at odds with the Fed The Fed looks poised to make its third straight quarter-percentage-point cut, to a range of

BMO chief economist Douglas Porter wrote in a recent report that both the Bank of Canada and the U.S. Federal Reserve will have rate decisions on the same day for the first time since 2000, when Canada's central bank started fixing its rate announcement dates.

Porter notes how the Fed is widely expected to cut its borrowing rate today for a third meeting in a row, which would leave Canada with the highest rate in the advanced world.

He says many experts believe it will be unsustainable for the Bank of Canada to keep its rate at that level for long.

During the election campaign, the central bank chose to move itself into a quiet mode to avoid making any possible impact — or the appearance of an impact — on the political contest.

This report by The Canadian Press was first published Oct. 30, 2019.

The Canadian Press

Bank of Canada keeps key interest rate target on hold at 1.75 per cent .
Bank of Canada keeps key interest rate target on hold at 1.75 per centThe central bank's overnight rate target has been set at 1.75 per cent since October of last year.

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