Client Testimonial

The following points were of note in the Bank of Canada March 2018 media release:

  • Target for the overnight rate remains the same at 1¼ percent.
  • Household credit growth has decelerated for three consecutive months.
  • Inflation is running close to the 2 per cent target.
  • Economy operating near capacity.
  • Inflation is fluctuating because of temporary factors related to gasoline, electricity, and minimum wages.
  • Next scheduled date for announcing the overnight rate target is April 18, 2018.

Bank of Canada March 2018 Report

The following points were of note in the Bank of Canada March 2018 media release:

  • Target for the overnight rate remains the same at 1¼ percent.
  • Household credit growth has decelerated for three consecutive months.
  • Inflation is running close to the 2 per cent target.
  • Economy operating near capacity.
  • Inflation is fluctuating because of temporary factors related to gasoline, electricity, and minimum wages.
  • Next scheduled date for announcing the overnight rate target is April 18, 2018.