Bank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing
The Bank of Canada today held 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, which continues at its current pace of at least $4 billion per week.
Original Article Source Credits: Bank Of Canada , https://www.bankofcanada.ca/
Article Written By: NA
Original Article Posted on: January 20, 2021
Link to Original Article: https://www.bankofcanada.ca/2021/01/fad-press-release-2021-01-20/