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Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing
The 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 on the path for the overnight rate. This is reinforced and supplemented by the Bank’s quantitative easing (QE) program, which continues at a target pace of $3 billion per week. With COVID-19 cases falling in many countries and vaccine coverage rising, global economic activity is picking up. Growth remains uneven across regions, however. The US is experiencing a strong consumer-driven ... (full story)
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BANK OF CANADA SAYS FINANCIAL CONDITIONS REMAIN HIGHLY ACCOMMODATIVE, REFLECTED IN BROADLY HIGHER ASSET PRICES
— 4XInsight (@4xInsight) June 9, 2021
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*BOC REITERATES IT WILL HOLD ITS POLICY INTEREST RATE AT THE EFFECTIVE LOWER BOUND UNTIL ECONOMIC SLACK IS ABSORBED AND THE 2% INFLATION TARGET IS SUSTAINABLY ACHIEVED, IN CURRENT PROJECTIONS THIS DOES NOT HAPPEN UNTIL H2 2022 :
— IOTAF (@iotafmarkets) June 9, 2021
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*BANK OF CANADA SAYS MAINTAINING TARGET OF C$3 BLN IN WEEKLY NET PURCHASES OF GOVERNMENT OF CANADA BONDS :
— IOTAF (@iotafmarkets) June 9, 2021
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BOC: WE WILL KEEP THE QUANTITATIVE EASING PROGRAM RUNNING, AND DECISIONS ON THE RATE OF NET BOND PURCHASES WILL BE DRIVEN BY THE GOVERNING COUNCIL'S CONTINUING EVALUATION OF THE RECOVERY'S INTENSITY AND SUSTAINABILITY.
— Breaking Market News (@financialjuice) June 9, 2021