Wednesday, 22 April 2015

Bank of Canada holds the interest rates

Bank of Canada just announced that will keep holding the rate at 0.75% due to low rate of  inflation of 1% reflecting the drop in costumer energy prices.
"Real GDP growth is projected to rebound in the second quarter and subsequently strengthen to average about 2.5% on a quarterly basis until the middle of 2016. The Bank expects real GDP growth of 1.9% in 2015, 2.5% in 2016 and 2% in 2017.”


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