Bank of Canada keeps key rate at 0.25%, sees ‘slow and choppy’ recovery ahead
The Bank of Canada held its key interest rate steady at 0.25 per cent on Wednesday and said the economy will continue to require extraordinary monetary policy support to recover from the slump triggered by the novel coronavirus pandemic.
The central bank’s key rate has remained at its lower effective bound since March when COVID-19 lockdowns plunged the economy into crisis.
Original Article Source Credits: Global News , https://globalnews.ca/
Article Written By: Staff
Original Article Posted on: September 9, 2020
Link to Original Article: https://globalnews.ca/news/7323703/bank-of-canada-key-rate-slow-choppy-recovery-ahead/