Key Interest Rate

• July 15, 2020

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

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent.

  Content Type(s): Press, Press releases
• July 15, 2020

  Monetary Policy Report – July 2020

  

  The Bank expects a sharp rebound in economic activity in the reopening phase of the recovery, followed by a more prolonged recuperation phase.

  Content Type(s): Publications, Monetary Policy Report