July 15, 2020 at 03:00PM
Bank of Canada rate statement for July 2020. Rates remain unchanged.
Bank of Canada full rate statement for July 2020
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset