There is a danger central banks won’t be able to manage the exit properly, leading to losses in their balance books, loss of confidence and high inflation.
Canada recorded modest 1.8 per cent growth rate in both the first and second quarter of this year
Economists had expected a more robust showing of 0.2 per cent, and some even 0.3 per cent
CIBC World Markets report claims nation can’t depend on monetary policy should economy falter
Growth in Canadian motor vehicles, parts and machinery manufacturing offset dips in food and beverage, telecom and computer equipment.
But, Central Bank may not keep rates on hold through 2013 as assumed.
The Reserve Bank of India is causing a stir by keeping interest rates the same as it struggles to foster growth amid high inflation
Signals worry about Canadian dollar, exports