The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank also announced new measures to provide additional support to Canada’s financial system.
The Bank of Canada (the Bank), through its Standing Liquidity Facility (SLF), provides access to liquidity to those institutions that participate directly in the Large Value Transfer System (LVTS).
The Bank of Canada, on behalf of the Government of Canada, announces the addition of one new Government Securities Distributor for Government of Canada marketable bonds and treasury bills.
As part of the Bank of Canada’s Provincial Money Market Purchase (PMMP) program, the Bank was allocated $298 million of provincial treasury bills and/or promissory notes.
The Bank of Canada today announced temporary changes to standard terms for auctions of Government of Canada securities to support the liquidity and well-functioning of financial markets.
As part of the Bank of Canada’s Provincial Money Market Purchase (PMMP) program, the Bank was allocated $480 million of provincial treasury bills and/or promissory notes.