Bank of Canada to Tighten Later than Imagined Earlier
This post by larrygreenberg has been reprinted from Currency Thoughts.
Comments OffCanada’s overnight interest rate target, which has been at 1.0% since a 25-basis point hike in early September 2010, was left at that level and accompanied by a statement that declared “any such modest withdrawal of monetary policy stimulus is less imminent than previously anticipated.” The more dovish picture reflects downward revisions to GDP growth [...]
larrygreenberg @ January 23, 2013