Apr 15, 2015 - Bank of Canada maintains overnight rate target at 3/4 per cent
Follow us on...
Follow us on Twitter Follow us on Facebook
Register

Results 1 to 2 of 2

Apr 15, 2015 - Bank of Canada maintains overnight rate target at 3/4 per cent

This is a discussion on Apr 15, 2015 - Bank of Canada maintains overnight rate target at 3/4 per cent within the Dominion Lending Centres - Clear Trust Mortgages forums, part of the Corporate Sponsors category; Bank of Canada maintains overnight rate target at 3/4 per cent Link: Bank of Canada > Press > Press Releases ...

  1. #1
    Forum Beginner herefishyfishy's Avatar
    Join Date
    Apr 2010
    Location
    Richmond
    Posts
    70

    DefaultApr 15, 2015 - Bank of Canada maintains overnight rate target at 3/4 per cent

    Bank of Canada maintains overnight rate target at 3/4 per cent

    Link:
    Bank of Canada > Press > Press Releases > Bank of Canada maintains overnight rate target at 3/4 per cent

    Here are the most recent changes to the Bank of Canada prime rate (aka the overnight rate):
    - June to September 2010: 3 x 0.25% increases, prime rate changed from from 0.25% to 1.0% (0.75% total increase)
    - January 21, 2015: lowered from 1.0% to 0.75% (0.25% decrease)


    The next scheduled date that the Bank of Canada will announce their overnight rate target is Wednesday May 27, 2015.

  2. Remove Advertisements
    BCAquaria.com
    Advertisements
     

  3. #2
    Forum Beginner herefishyfishy's Avatar
    Join Date
    Apr 2010
    Location
    Richmond
    Posts
    70

    Default

    Here are some excerpts from the recent Bank of Canada key interest rate announcement on April 15, 2015:

    Core inflation has remained close to 2 per cent in recent months, as the temporary effects of sector-specific factors and pass-through of the lower Canadian dollar have offset the disinflationary forces from slack in the economy.
    The Bank expects global growth to strengthen and average 3 1/2 per cent per year over 2015-17, ... This is in part because many central banks have eased monetary policies in recent months to counter persistent slack and low inflation
    Strong growth in the United States is expected to resume in the second quarter of 2015 after a weak first quarter.
    The Canadian economy is estimated to have stalled in the first quarter of 2015. The Bank’s assessment is that the impact of the oil price shock on growth will be more front-loaded than predicted in January, but not larger.
    Real GDP growth is projected to rebound in the second quarter and subsequently strengthen to average about 2 1/2 per cent on a quarterly basis until the middle of 2016.
    As the economy reaches and remains at full capacity around the end of 2016, both total and core inflation are projected to be close to 2 per cent on a sustained basis.
    Risks to the outlook for inflation are now roughly balanced

 

 


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Vancouver Website Hosting Chilliwack Website Design