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BoC Cuts Rate as Unorthodox Policy Pins Hope on QE
The Bank of Canada lowered its benchmark rate to 0.25 percent from 0.5 and signaled it will stay there until June next year. Governor Mark Carney’s team outlined plans for further stimulus, including potential quantitative easing to boost money supply and lower long term lending costs amid a weakened economy and a slower rebound.
MENTIONED IN THIS ARTICLE
Ottawa
Bank of Canada
Central Bank
Mark Carney
Eric Lascelles
TD Securities
Laurentian Bank
Michael Gregory
BMO Capital Markets