Bank of Canada holds key interest rate target
The Bank of Canada is keeping its key interest rate target on hold at 0.25% and says it will stay there until inflation is back on target.
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: Advisor's Edge , https://www.advisor.ca/
Article Written By: The Canadian Press
Original Article Posted on: September 9, 2020
Link to Original Article: https://www.advisor.ca/news/economic/bank-of-canada-holds-key-interest-rate-target/