Bank of Canada maintains policy rate at 5 pct

OTTAWA, Jan. 24 (Xinhua) -- The Bank of Canada on Wednesday held its target for policy rate at 5 percent.

The bank's discussion of monetary policy is shifting from whether the policy rate is restrictive enough to restore price stability, to how long it needs to stay at the current level, said Governor Tiff Macklem in a press conference to announce the policy interest rate.