(BOC) Bank of Canada lowers overnight rate target by 1/4 percentage point to 1/4 per cent
April 21, 2009 by admin · Leave a Comment
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 1/4 per cent, which the Bank judges to be the effective lower bound for that rate. The Bank Rate is correspondingly lowered to 1/2 per cent. The…
