Bank of Canada on hold but watching economy’s ‘resilience’

The Bank of Canada

The Bank of Canada’s governing council kept the policy rate unchanged today (October 30), but said the economy’s “resilience” was likely to be “tested” in the coming months.

The key overnight rate remains on hold at 1.75%. Policy-makers expect growth worldwide and in Canada to slow in the months ahead, but inflation to “track close to the 2% target”, notwithstanding a temporary dip as the effects of a previous spike in energy prices fade.

In summing up the outlook, the governing council said

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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