ATB Economics | March 10, 2021

Policy Interest Rate Stays Put: Bank of Canada

The Bank of Canada announced* this morning it is keeping its trendsetting policy interest at 0.25 per cent.

The Bank also announced its quantitative easing program will continue at its current pace of at least $4 billion per week.

Despite signs of economic recovery, the Bank’s “Governing Council judges that the recovery continues to require extraordinary monetary policy support.”

Today’s announcement maintains the stance taken by the Bank in…