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RPT: MNI BOC WATCH: Staying The Course In Cooling Economy

(MNI) OTTAWA
OTTAWA (MNI)

Repeats story published on Dec. 4.

The Bank of Canada will maintain a cautious tone Wednesday as it holds official interest rates at their highest levels since 2001 for a third straight meeting, likely retaining some language about lingering inflation risks but also nodding to softer economic growth.

All 20 economists surveyed by MNI see the target rate on overnight loans between commercial banks remaining 5% in the announcement from Ottawa at 10am. The year's last rate meeting ends with the smaller one-page statement and no new economic forecasts, though Deputy Governor Toni Gravelle gives a day-after speech and press conference in Windsor, Ontario.

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The Bank of Canada will maintain a cautious tone Wednesday as it holds official interest rates at their highest levels since 2001 for a third straight meeting, likely retaining some language about lingering inflation risks but also nodding to softer economic growth.

All 20 economists surveyed by MNI see the target rate on overnight loans between commercial banks remaining 5% in the announcement from Ottawa at 10am. The year's last rate meeting ends with the smaller one-page statement and no new economic forecasts, though Deputy Governor Toni Gravelle gives a day-after speech and press conference in Windsor, Ontario.

Keep reading...Show less