September 09, 2020 at 03:01PM
Full text of the Bank of Canada rate decision on Sept 9, 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 purchases of at least $5 billion per
week of Government