Impact of pledge to keep rates on hold unclear: Bank of Canada

bankofcanada

The Bank of Canada's issuance of a conditional commitment last April, promising the benchmark rate would remain at 0.25% till the second quarter of this year, has had an unclear effect, a paper released by the central bank on Tuesday posited.

The central bank included the conditional commitment in its decision of 21 April last year, as a means of providing further stimulus by influencing interest rates at longer maturities. Mark Carney, the governor of the central bank, observed in the weeks fol

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: