Business

The Canadian Press - ONLINE EDITION

C.D. Howe council urges Bank of Canada to keep rates on hold until March 2014

By: The Canadian Press

Posted: 02/28/2013 1:40 PM | Comments: 0

TORONTO - The C.D. Howe Institute's monetary policy council is recommending the Bank of Canada keep its target for the overnight rate on hold for the next year.

The institute's monetary policy council is urging the central bank to not only keep the target at one per cent at its next announcement on March 6, but also hold it there through to March 2014.

The Bank of Canada has kept its key interest rate to one per cent since September 2010.

The central bank is widely expected by economists to keep rates on hold when it makes its next announcement, but just when it will next raise rates is less clear.

Earlier this year, governor Mark Carney declared that the need to raise borrowing costs was "less imminent" and the bank shaved its projections for economic growth.

However, Carney has said he believes the next move by the bank, when it comes, will be to raise rates.

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.

* Required

In which story did you find the error? *
Please post the headline of the story or the title of the video with the error.
What was the error? *
Please post exactly what was wrong with the story.
What should we have written?
Please indicate your source for the correct information.
Who else should we interview to improve this story?
Please include any contact information you may have.
Can we contact you in the future for advice on stories about this topic?
Yes

No
First Name: *
Last Name: *
E–mail Address: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Phone: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Colour:
Are you blue? If you can see this, leave it blank and get some CSS support.
Enter the words that you see: * This is to prevent our forms from being filled out automatically.
You have failed to correctly identify the words in the box above. Please try again.

More Business

Undock

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.