Trade risks and debt to hold BoC rates steady – Forex News Preview
Posted on May 29, 2018 at 12:50 pm GMTOn Wednesday at 1400 GMT, the Bank of Canada will announce its interest rate decision and issue its press release, explaining the factors behind the decision. For the fifth time, though, policymakers are expected to keep borrowing costs unchanged at 1.25% as NAFTA and the US trade agenda remain a source of uncertainty for the Canadian economy, while the overloaded debt overhang continues to weigh despite a strong labor market. No conference or financial projections are scheduled to follow. Two weeks ago, CPI readings [..]