Bank of Canada felt uncertainty over rates did not mean inaction, minutes show - WTVB

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OTTAWA, Nov 10 (Reuters) — Ahead of the Bank of Canada’s October 28 interest rate decision, governors agreed that uncertainty over the future path of rates did not mean the bank ​would do nothing, minutes showed on Tuesday. The BoC hiked its key ‌policy rate by 25 basis points to 2.5% last month for the first time in more than three years, citing higher energy prices that it said could trickle down into non-energy cost pressures. Members of the rate-setting governing council noted there was considerable uncertainty ‌on ​how higher energy prices and the trade war ⁠with the United States would ⁠affect inflation.