December 7, 2010 - Bank of Canada maintains overnight rate target at 1 per cent

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Bank of Canada maintains overnight rate target at 1 per cent

Link:
Bank of Canada maintains overnight rate target ...- 2010- Press Releases- Publications and Research- Bank of Canada

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A few excerpts:

The global economic recovery is proceeding largely as expected

The recovery in Canada is proceeding at a moderate pace

Inflation dynamics in Canada have been broadly in line with the Bank's expectations and the underlying pressures affecting prices remain largely unchanged.

This leaves considerable monetary stimulus in place, consistent with achieving the 2 per cent inflation target in an environment of significant excess supply in Canada. Any further reduction in monetary policy stimulus would need to be carefully considered.