Poloz may consider new interest rate level in October

Source: Bloomberg
© Scanpix/Reuters
BoC Governor Stephen Poloz stated today the central bank is up for negotiating the interest rate that would allow the economy to function at the full output. The interest rate is being kept unchanged since September 2010 at 1 percent. The Bank of Canada is investigating the neutral interest rate and will raise the topic in the next economic report due in October.

 

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