Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Central bank leaves interest rates at 3 per cent

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
 
TrogL Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 01:13 PM
Original message
Central bank leaves interest rates at 3 per cent
Source: CTV

The Bank of Canada left the overnight interest rate unchanged at three per cent on Tuesday, suggesting inflation in coming months could be worse than previously expected.

The bank decided on the measure despite fears of an economic slowdown that could have justified a slight rate cut. The decision was widely expected among members of the financial community.

...

"Three major developments are affecting the Canadian economy: the protracted weakness in the U.S. economy; ongoing turbulence in global financial markets; and sharp increases in many commodity prices," the bank said in a statement released Tuesday.

Read more: http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20080715/interest_rates_080715/20080715?hub=TopStories



They've been dropping the rate on a practically monthly basis. It had to stop sometime.
Printer Friendly | Permalink |  | Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC