Market notices, Overnight repo and overnight reverse repo operations - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T06:13:00+00:00Bank of Canada announces changes to its operations to reinforce its target for the overnight rate
https://www.bankofcanada.ca/2022/03/bank-of-canada-announces-changes-to-its-operations-to-reinforce-its-target-for-the-overnight-rate/
Today the Bank confirmed that monetary policy will continue to be implemented via a floor system where the interest rate on the deposit facility is equal to the target for the overnight rate. To reinforce the Bank’s overnight target rate in a floor system with excess settlement balances, the Bank is also announcing changes to its Overnight Reverse Repo (ORR) operations.2022-03-02T10:30:39+00:00enBank of Canada announces changes to its operations to reinforce its target for the overnight rate2022-03-02