Bank of Canada keeps policy interest rate unchanged at 1%

The Bank of Canada is keeping its trendsetting, overnight interest rate at one per cent, where it has been since September 2010.

It also made no changes to its neutral bias stance, meaning it believes the next policy move could equally be either a hike in rates or a cut.

Canada’s central bank says the current super-low interest rate is appropriate for the Canadian economy.

The bank says the economy grew a little more, and inflation was a little higher, than it anticipated in the final quarter of 2013.

However, the Bank of Canada cautioned that the global and domestic landscape remain beset by risks and uncertainties.

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