The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
June 08, 2017MONETARY POLICY: EUROPE At today’s meeting, the Governing Council of the European Central Bank(ECB) announced that the key ECB interest rates are unchanged, and that they are expected to remain at the current level for an extended period of time, well past the horizon of net asset purchases. Monthly asset purchases will run at the current pace of €60 billion per month until December 2017 or beyond, until the path of inflation is consistent with the Governing Council's inflation aim. The Governing Council is prepared to increase the programme in terms of size and/or duration if the outlook becomes less favourable or if financial conditions deteriorate.
Annual inflation was 1.9 per cent in April, up from 1.5 per cent in March reflecting changes in energy prices.
Sources:
European Central Bank
<--- Return to Archive
