March 31, 2021 Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank does. Here’s what they told us.
March 10, 2021
Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easingThe 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.