The Canadian PressApril 16, 2014 10:32
OTTAWA - Bank of Canada governor Stephen Poloz says he has not ruled out a future cut to interest rates despite evidence disinflationary pressures appear to be waning and his belief that the global and Canadian recoveries are picking up steam.
"We are neutral, that mean's a rate cut cannot be taken off the table at this stage," Poloz said during a news conference Wednesday. "It will depend on the data flow."
Poloz made the comment after the central bank decided to keep its trendsetting overnight rate at one per cent, where it has been since September 2010.