9 Dec

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

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Posted by: Aneta Zimnicki

Not surprising. Bank of Canada maintains the rate steady. Your variable rate mortgage remains unchanged. Rates should be low for some time, 2023 is the current estimate. “To reinforce this commitment and keep interest rates low across the yield curve, the Bank will continue its quantitative easing program until the recovery is well underway and will adjust it as required to help bring inflation back to target on a sustainable basis.” Next announcement Jan 20.