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March 11, 2021

Media Availability: Restaurants Canada

Savings in the time of COVID-19, and the outlook for household spending — Deputy Governor Lawrence Schembri takes questions from reporters by videoconference following his remarks (14:45 (ET) approx.). 
March 11, 2021

Speech: Restaurants Canada

Savings in the time of COVID-19, and the outlook for household spending — Deputy Governor Lawrence Schembri speaks by videoconference to Restaurants Canada (13:30 (ET) approx.). 
March 11, 2021

COVID-19, savings and household spending

Remarks (delivered virtually) Lawrence L. Schembri Restaurants Canada Toronto, Ontario
Deputy Governor Lawrence Schembri talks about the Bank’s latest interest rate announcement and discusses how COVID-19 has affected savings and the outlook household spending.
March 11, 2021

Household consumption in a pandemic

Speech summary Lawrence L. Schembri Restaurants Canada Toronto, Ontario
Deputy Governor Lawrence Schembri talks about how COVID-19 has affected household saving and spending patterns and discusses the Bank’s decision yesterday to leave the policy rate unchanged.
March 10, 2021

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week.
Content Type(s): Press, Press releases
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