Tuesday, June 23, 2020

Bank of Canada to Keep Easing the Monetary Policy


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Bank of Canada’s Governor Macklem held a speech yesterday regarding the implications of the COVID-19 for Canadian monetary policy and what market participants should expect. 
In a week with light economic data, the message sent by BOC’s Governor was crystal clear – the bank will prefer quantitative easing over negative rates.

What to Expect from Bank of Canada?
BOC quickly dropped the interest rate to 0.25% in March, in a measure designed  to provide interest…

The post Bank of Canada to Keep Easing the Monetary Policy appeared first on Vantage Point Trading.

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