The head of Canada's central bank has left Canada's key interest rate unchanged at 1%.
Bank of Canada Governor Mark Carney reiterated in a statement today that the rate will need to remain low for some time before a rate hike is considered.
It is one of Carney's final announcements before leaving to become the governor of the Bank of England.
The bank also lowered its 2013 economic growth forecast for Canada to 1.5% from 2%.
Analysts said that the Bank of Canada might now not raise the rate until early 2015.
Carney, a Canadian, will become the head of the Bank of England on July 1. He is the first foreigner to be tapped for the position since it was founded in 1694.
