Bank Of Canada Decision: Pleasantville for Variable Mortgagors

John Manneh January 23, 2014








Today the Bank of Canada (BoC) made an interest rate decision that was reassuring for those borrowing with variable-rates. 

– The Bank has said that Canada’s key lending rate will stay 75 basis points above its all-time low.

– The Bank suggested the next move could very well be a rate cut rather than a rate hike. 

– It said the risk of falling inflation “has grown in importance” and that inflation won’t rise back to its target for “about two years” (suggesting even less chance of a prime rate increase through 2015).

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