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Bank of Canada maintains policy rate and forward guidance
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’s extraordinary forward guidance on the path for the overnight rate is being maintained. The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds roughly constant. The global economy continues to recover from the effects of the COVID-19 pandemic. Economic growth in the United States has accelerated, led by consumption, while growth in some other regions is moderating after a strong ... (full story)
Added at 10:03am
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BANK OF CANADA LEAVES O/N RATE AT 0.25%; REPEATS THAT IT SEES SLACK BEING ABSORBED SOMETIME IN THE MIDDLE QUARTERS OF 2022 :
— IOTAF (@iotafmarkets) December 8, 2021
Added at 10:03am
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BOC: BANK CONTINUES TO EXPECT CPI INFLATION TO REMAIN ELEVATED IN H1 2022 AND EASE BACK TOWARDS 2% IN H2 :
— IOTAF (@iotafmarkets) December 8, 2021
Added at 10:04am
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BOC: IN VIEW OF ONGOING EXCESS CAPACITY, ECONOMY CONTINUES TO REQUIRE CONSIDERABLE MONETARY POLICY SUPPORT :
— IOTAF (@iotafmarkets) December 8, 2021
Added at 10:04am
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BoC keeps rate at 0.25% as expected and maintains forward guidance. $CAD
— Newsquawk (@Newsquawk) December 8, 2021
Statement comparison >> pic.twitter.com/nA4hFIRZgP
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- Dec 8, 2021 11:26am Dec 8, 2021 11:26am
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kingleeny - Joined Jul 2014 | Status: Member | 1,446 Comments
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- Posted: Dec 8, 2021 10:00am
- Submitted by:Category: High Impact Breaking NewsComments: 1 / Views: 2,405
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