2016-13 Bank of Canada interest rate decision

will be announced today, together with Monetary Policy Report.
The Bank of Canada makes an interest rate decision 8 times a year, and publishes Monetary Policy Report four times a year.The interest rate is a short - term rate at which banks lend and borrow money from each over overnight. The idea is that this rate determines the cost of funds to banks, and affects other interest rates.
The Bank is expected to keep the rate unchanged.
We will study the policy of the bank of Canada later in the course.