March 2, 2022
Press, Market notices, Press releases
-
-
March 2, 2022
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. -
March 2, 2022
Bank of Canada increases policy interest rate
The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %.
- « Previous
- 1
- 2