Bank of Canada Announcement Sept 2018
September 6th, 2018
The Bank of Canada is keeping interest rates the same—for now. While CPI inflation is on the high side (sitting at 3%, a point above the Bank’s target of 2%), the Bank of Canada decided to maintain the target for its overnight rate at 1.5% in its September announcement. The reason? It believes the high CPI rate is temporary—brought on by a jump in the airfare component of the consumer price i ...
