This article was last updated on April 16, 2022
Canada: 
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The Bank of Canada reportedly maintained its key lending rate on the back burner but notified about the dawdling global economy and mounting financial uncertainty hinting that the monetary stimulus must be sustained for now.
According to the central bank European debt crisis has deepened and economic market instability has amplified sharply in the middle of a sluggish global economic development.
The Bank of Canada gave the following statement: “Reflecting all these factors, the bank has decided to maintain the target for the overnight rate at one per cent.”
And added: “In light of slowing global economic momentum and heightened financial uncertainty, the need to withdraw monetary policy stimulus has diminished. The bank will continue to monitor carefully economic and financial developments in the Canadian and global economies, together with the evolution of risk, and set monetary policy consistent with achieving the (bank’s) two per cent inflation target over the medium term.”
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