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Market eyes BoC ahead of possible policy rate microcut

The Globe and Mail
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Sean Kilpatrick/The Canadian Press
The Bank of Canada’s key policy rate is once again being scrutinized ahead of the monetary policy announcement on Wednesday, as recent comments by members of the bank’s governing council have fueled speculation of a possible “microcut” to the target rate.
Few economists and market analysts expect the central bank to trim its overnight target rate on Wednesday. But they say the possibility can’t be ruled out as the bank tries to balance the near-term pain of lock-downs against better-than-expected vaccine news and robust fiscal stimulus. ....

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