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MNI BOC Review - March 2021: April 21 Meeting Will be Pivotal

MNI BOC Review - March 2021

As expected, the Bank of Canada held it's policy rate steady at the lower bound of 0.25% (bank rate at 0.5, deposit rate at 0.25) Wednesday, and kept asset purchases to at least CAD4 billion a week.

There were no real surprises from the Bank as they threaded the needle between economic optimism and caution as the battle against the spread of Covid-19 and more virulent strains remains continues. The Bank took the surge in global yields and steeper curves in stride amid a stronger US growth outlook while "global financial conditions remain highly accommodative."

Please use link below for full PDF document (contact us if you cannot access it):

MNI BOC Review - March 2021

Policy Announcement:

BOC

Progress Report on the Economy:

BoC Deputy Governor Lawrence Schembri

Bank of Canada 2021 Policy Schedule:

Wednesday, April 21


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