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Instant Answers From Bank of Canada Decision

BOC
  • Overnight Rate Target (level in X.XX%) 0.25%
  • Does the Bank REDUCE the pace of QE to CAD1 billion a
    WEEK? NO
  • Does the Bank REDUCE the pace of QE to LESS THAN CAD1
    billion a week? N/A
  • Does the BOC set a MONTHLY pace for QE of CAD4 billion-
    CAD5 billion? NO
  • Does the BOC indicate it’s entering the re-investment
    phase of QE? YES
  • Does the BOC offer forward guidance for a rate increase
    in the second half of 2022? N/A
  • Does the BOC signal it could raise interest rates
    SOONER than the second half of 2022? YES
  • Does the BOC signal it could raise interest rates LATER
    than the second half of 2022? NO
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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