December 2021

Bank Of Canada Interest Rate Announcement

Posted on Dec 09, 2021 in Economy


December 8, 2021

The Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank reiterated what it calls "extraordinary forward guidance" in committing to leaving the overnight rate at 0.25 per cent until slack in the economy is absorbed and inflation sustainably returns to i...

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