The Bank expects Canada’s economy to grow by almost 4 percent on average in 2021 and 2022, following a decline of about 5 ½ percent in 2020.
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program
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.
Release of the Monetary Policy Report - Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn A. Wilkins. (11:00 (ET) approx.).