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MNI: BOC: PANDEMIC IMPACT ON GLOBAL ECONOMY..........>

MNI, NEWS
MNI: BOC: PANDEMIC IMPACT ON GLOBAL ECONOMY APPEARS TO HAVE PEAKED
BOC: EXPECTS CANADA GDP GROWTH TO RESUME IN 3Q
BOC SEES CANADA GDP -10% TO -20% IN Q2 2020 FROM Q4 2019
BOC: INFLATION TO REMAIN BELOW TARGET BAND IN NEAR TERM
BOC: REDUCING TERM REPOS TO 1/WEEK, BA PROGRAM TO BIWEEKLY
BOC: READY TO ADJUST MARKET OPERATIONS AS CONDITIONS REQUIRE
BOC TO CONTINUE ASSET BUYS UNTIL ECON RECOVERY WELL UNDERWAY

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