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A recession in Europe and cooling emerging-market energy consumption triggered a deeper slowdown than anticipated in the second half, policy makers led by Bank of Canada Governor Mark Carney said yesterday as they pared the central bank’s forecast for economic growth this year to 2 percent and said the case for raising rates is “less imminent.”

Photographer: Chris Ratcliffe/Bloomberg

A recession in Europe and cooling emerging-market energy consumption triggered a deeper slowdown than anticipated in the second half, policy makers led by Bank of Canada Governor Mark Carney said yesterday as they pared the central bank’s forecast for economic growth this year to 2 percent and said the case for raising rates is “less imminent.”
January 27, 2013
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