The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Per cent blocks.
Per cent blocks.
(Golkin Oleg/Getty Images/iStockphoto)

Why interest rates are going nowhere

If we’re to take the words of our central bankers at face value, low interest rates will still be around though most of 2015 and perhaps into 2016.

Last week’s Bank of Canada statement and the quarterly Monetary Policy Report were gloomy about the prospects for a speedy economic recovery, both here and internationally.