BoC kept rate at ELB of 0.25%, expects strong Q2 rebound

<p>BoC left overnight rate at “effective lower bound” of 0.25% widely expected. Bank rate and deposit rate are held at 0.50% and 0.25% respectively. It will continue with the QE program with CAD 4B per week. BoC expects no rate hike until into 2023, while QE will continue until recovery is “well underway”. Globally BoC […]</p>
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