BOC Recalibrated QE with Focus on Long-term Bonds. Downgraded Growth for 2021

<p>BOC left the policy rate unchanged at 0.25% in October. The central bank explicitly noted that the policy rate will stay unchanged at least until 2023. Meanwhile, it announced to “recalibrate” the QE program, reducing weekly purchases “gradually” to at least CAD 4 billion and turning the focus to long-term bonds. BOC revised higher economic [&#8230;]</p>
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