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Bank of Canada Interest Rate Announcement Sept 3 2014

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As expected Canada’s central bank held its key interest rate at one per cent Wednesday, meaning it has now been at the same, near-record level for four years.

In its latest policy decision, the Bank of Canada also kept its “neutral” stance, which says governor Stephen Poloz has no plans to raise or lower rates anytime soon.

The bank says the risks to the outlook for inflation and household debt remain the same as before.

“The balance of these risks is still within the zone for which the current stance of monetary policy is appropriate,” said the bank’s statement. “The bank remains neutral with respect to the next change to the policy rate: its timing and direction will depend on how new information influences the outlook and assessment of risks.”

The rate has been at one per cent since September 2010, the longest pause in Canadian history.


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