Mises Wire
Author:
Lee Friday
Online Publish Date:
On March 6 th , the Bank of Canada (BoC) announced that it is maintaining its target for the overnight rate at 1.75 %. The next rate announcement is scheduled for April 24 th , by which time it will have been six months since the BoC’s last rate increase. The BoC’s mandate “is to conduct monetary policy to promote the economic and financial