BANK OF CANADA expected to clarity interest rate intentions
April 19, 2010
The Bank of Canada is not expected to raise interest rates at its scheduled announcement tomorrow, but it might provide clarity on its intentions on whether it will act earlier than previously planned. The central bank's overnight lending rate has been set at a record-low 0.25% since last April. THERE AFTER the numbers on GDP, employment and inflation are expected to increase. The next two chances to raise rates after tomorrow are June 1 and July 20. The consensus among economists is for annual inflation remaining at 1.6%, unchanged from February, and the core rate -- excluding volatile items like energy and certain foods --to ease to 1.9%from 2.1%.
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