No changes to the prime interest rate are expected due to the Bank of Canada's announcement today.
The Bank also reminded us that its commitment to maintain the overnight rate at 0.25% is "conditional" and further remarked on signs of an emerging recovery and signs that core inflation has held up.
Turning its attention to the state of the Canadian Dollar, the Bank says that the strong loonie is "significantly moderating the pace of overall growth" but has not indicated it would be taking any action in this regard.
So in other words, continued good news for variable rate mortgage holders with no change in sight at this time. Check back with us again in another 6 weeks time for the results of the next meeting.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment