Bank of Canada holds rates steady


The Bank of Canada today (July 17) maintained its benchmark overnight rate at 1%, highlighting external threats to the economy but said these were offset by domestic factors supporting moderate growth.

The central bank said global growth prospects had weakened since the monetary policy report in April, saying that "developments in Europe point to a renewed contraction". China and other emerging economies represented a further cause for concern. "The deceleration in growth has been greater than

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: