OTTAWA The Bank of Canada is scheduled to release its latest interest rate decision today along with its plans for federal bond purchases. The key interest rate target has been on hold at 0.25 per cent since the onset of the pandemic last year and the central bank has said it won’t increase the […]
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Bank of Canada readies call on key rate, path for federal bond purchases
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A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
OTTAWA – The Bank of Canada is scheduled to release its latest interest rate decision today along with its plans for federal bond purchases.
The key interest rate target has been on hold at 0.25 per cent since the onset of the pandemic last year and the central bank has said it won’t increase the rate until the economy has recovered likely late next year.
In April, the bank rolled back its federal bond purchasing program, citing improving economic conditions.