Bank of Canada and the Recent Monetary Policy Decision

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Bank of Canada (BOC) kept the interest rate steady this week at 0.25%, following the RBA decision on Tuesday. Another major central bank keeps the rate close to zero and, additionally, expands the balance sheet via quantitative easing. 
The Canadian policy interest rate level is justified considering the ongoing disinflation (-0.2%) in April 2020 and the low oil price in 2020. While acknowledging that the coronavirus impact on the global economy may have peaked, BOC…

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