June 3, 2020 With substantial improvements in short-term funding conditions recently, as well as reduced participation since mid-April in the Bank’s extended Term Repo and Bankers’ Acceptance Purchase Facility (BAPF) operations, the Bank is making amendments to these programs.
June 3, 2020
Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improveThe Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent.
June 3, 2020 On Wednesday, June 3, 2020, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision.
June 1, 2020
Operational details for upcoming secondary market purchases of Government of Canada securities (June 8-June 19)As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).