Bank of Canada increases policy interest rate
The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds on its balance sheet roughly constant until such time as it becomes appropriate to allow the size of its balance sheet to decline.
Original Article Source Credits: Bank of Canada, https://www.bankofcanada.ca/
Article Written By: Media Relations
Original Article Posted on: 2nd March 2022
Link to Original Article: https://www.bankofcanada.ca/2022/03/fad-press-release-2022-03-02/