Putting Rates in Neutral
July 15, 2011 by Adil Virani
Filed under Latest News, Latest Rates, Mortgage FAQ, Recent News
Neutral isn’t what it used to be—not with the Bank of Canada’s key interest rate anyhow. In the modern era of monetary policy, the neutral policy rate (NPR) has averaged about 4.20%, according to BMO. Today, BMO, TD, CIBC and others say it’s closer to 3.00%…or less. (Economists have lately been ratcheting down their estimates of the NPR.) If you hold […]
