Bank of Canada Press Release

PRESS RELEASE - Bank of Canada keeps target for the overnight rate at 2 3/4 per cent, 21 January.

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 per cent.

Since the Bank's last interest rate announcement on 3 December, both core and total CPI inflation have risen somewhat more than expected. This reflects not only a stronger-than-anticipated inc