Bank of Canada kept its interest rate unchanged at 1.00%

Market news

22 October 2014

Bank of Canada kept its interest rate unchanged at 1.00%

The Bank of Canada (BoC) released its interest rate today. The central bank kept its interest rate unchanged at 1.00%.

The BoC said in its statement that "the current stance of monetary policy is appropriate".

The central bank expects the real GDP growth will be about 2.5% over the next year and 2% by the end of 2016.

Canada's economy is expected to reach its full capacity in the second half of 2016, so the BoC.

The central bank noted that the risks are "roughly balanced", but it removed the word "neutral".

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