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The Bank of Canada left its benchmark interest rate unchanged at the effective lower bound of 0.25%
The Committee said that it will continue its quantitative easing program with large-scale asset purchases of at least CAD 5 billion per week of government bonds.
The Bank of Canada left its benchmark interest rate unchanged at 0.25%
Policymakers said that they had taken measures aiming to help restore confidence and stimulate spending by consumers and businesses amid the coronavirus pandemic.
The Bank of Canada slashed its benchmark interest rate by 50bps to 0.25%
The move follows a similar margin cut on March 13th and brings borrowing costs to its effective lower bound aiming to support the economy and the financial system amid the coronavirus pandemic.
The Bank of Canada cut its benchmark interest rate by 50 bps to 1.25%
Bringing borrowing costs to the lowest since June 2018.
The Bank of Canada left its benchmark interest rate unchanged at 1.75%
Policymakers said that they will be closely monitoring the economy to see if the recent slowdown in growth is more persistent than forecast.Bank of Canada
http://www.bankofcanada.ca/The Bank of Canada is the national Central Bank, established in 1935. The Bank of Canada is a joint stock company which sole owner is the Canadian Government.
The Bank of Canada operates on the basis of the law "On the Bank of Canada", adopted in the summer, 1934. According to the law, the responsibilities of the Central Bank are to issue the currency, promote economic growth, ensure the financial stability of the country, supervise commercial banks and control the gold and foreign currency reserves.