- Bank of Canada (BoC) leaves key rate unchanged at 1.75%, as widely expected
Market news
24 April 2019
Bank of Canada (BoC) leaves key rate unchanged at 1.75%, as widely expected
- Sees increasing growth of household spending due to fading effects of past housing policy changes
- Says improvement and financial conditions has a positive effect on spending
- Continues to evaluate appropriate degree of monetary policy accommodation as new data arrived
- Judges that accommodative policy rate continues to be warranted
- Says growth during the first half of 2019 is now expected to be slower than was anticipated in January but sees growth picking up in the second half of the year
- Cuts 2019 GDP growth forecast to 1.2% from 1.7%
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