Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program
General Angela Calla 28 Oct
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program. The Bank is recalibrating […]
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