The Bank of Canada's interest rate decision on Wednesday didn’t bring cuts, but it did bring new insight into where the central bank thinks interest rates may be headed. The bank kept its overnight interest rate steady at five per cent, but it raised something else: its nominal neutral interest rate. The neutral rate is the rate at which the central bank’s monetary policy is neither stimulating nor holding back the economy. It's essentially the "Goldilocks" interest rate, explained... Read this story
