Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Bank of Canada Abandons Neutral Reference, Holds Rates Steady

Posted October 22, 2014

Under Economic Issues, International Trade Issues


The Bank of Canada dropped any reference to taking a neutral stance on interest rates on Wednesday after having already signaled that it would generally not give forward guidance on its rate moves.

The bank kept its key overnight rate at 1 percent, where it has been for more than four years, but this had been universally expected and markets were looking more for its overall outlook and analysis. In September it had said it was neutral on the timing and direction of rate changes. Read more here.