Further Bank Rate Reduction
March 27th, 2020
Bank of Canada Interest Rate Announcement - March 27, 2020
For the second time this month, the Bank of Canada has lowered its overnight policy rate before its regularly scheduled announcement date, taking the overnight rate down a further 50 basis points to 0.25 per cent. That level is what the Bank considers its effective lower bound, meaning it can not reduce rates further without p ...