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January 2016 – Progressivechina
Jan 212016
 

20(Xinhua)–The Bank of Canada on Wednesday decided to hold its benchmark interest rate at current levels of 0.5 percent,ruling that the risks to the profile for inflation are roughly balanced and the current stance of monetary policy is appropriate e. The central bank projects Canada’s economy would grow by about 1.5 percent in 2016 and 2.5 percent in 2017 7.The next scheduled date for Bank of Canada to announce the overnight rate target is Mar.