The main upside risk relates to the momentum in household spending and housing prices, while the main downside risk is that the U.S. economy could slow more sharply than expected, leading to lower Canadian exports. The Bank judges that the risks to its inflation projection are roughly balanced. On 17 October, we left our key policy rate unchanged at 4.25 per cent.
It is important that this feeling and confidence permeates all sections of society and none are left out of the India growth story. Without this we will not be able to sustain high growth. 31. While the growth story has been impressive, there are causes for concern on other dimensions. Issues of income distribution are important.