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Stories Tagged - one per cent


Dec. 04, 2014 | CREBNow

Bank of Canada maintains overnight rate

The Bank of Canada has maintained the overnight interest rate at one per cent - unchanged since September 2010.

Here's the statement from the bank (published Dec. 3) :

Sept. 04, 2014 | CREBNow

Overnight rate maintained at one per cent

The Bank of Canada today announced yesterday it was maintaining its overnight rate at 1 per cent.

"Inflation is close to the two per cent target and is evolving as the Bank anticipated in its July Monetary Policy Report (MPR)," said a release from the Bank. "Recent data reinforce the Bank's view that the earlier pickup in inflation was attributable to the temporary effects of higher energy prices, exchange rate pass-through, and other sector-specific factors rather than to any change in domestic economic fundamentals."

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