Bank of Canda keeping interest rate unchanged.

Posted by Gurpreet Ghatehora on Monday, March 10th, 2014 at 10:09am.

The Bank of Canada is keeping its lending rate at 1% until 2015.Bank of Canada recognized that inflation is little higher than expectation and economic growth is little bit stronger. Bank of Canada also expecting inflation rate between 1% and 3% . Five year lending rate at 5.24% as of March 5th , 2014 which is down from January 22nd 2014 statement.  Next interest rate statement will be on April 16th 2014.

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