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10 Mar

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

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Posted by: Aneta Zimnicki

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing. Continues to projects absorption of economic slack will not happen until into 2023.

“Despite the stronger near-term outlook, there is still considerable economic slack and a great deal of uncertainty about the evolution of the virus and the path of economic growth”

Next announcement Apr 21.