While the federal funds target rate was stable, credit markets had been tightening financial conditions since the beginning of that year. (blackrockblog.com)
That's because the central bank's overnight target rate sets the tone for determining where mortgage rates will go. (moneysense.ca)
To achieve our monetary policy goal of low, stable and predictable inflation at the 2 per cent target rate, our economy should operate at, or close to, its productive capacity. (bankofcanada.ca)