The Bank of Canada retained its neutral rate bias in its latest policy statement and emphasised that, despite the lower Canadian dollar, core inflation will still take about two years to return to target. With the Bank clearly still concerned about the weakness of exports and housing-related imbalances, it is clearly not considering raising rates for some considerable time.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.