Bank of Canada to restate low-rate guidance in Wednesday call

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Mortgage Professional Kitchener

The Bank of Canada is expected to keep extremely accommodative policy intact on Wednesday, with an outside chance it will do even more to support the recovery.

Economists predict the central bank will restate a pledge to hold its overnight interest rate at 0.25 per cent until at least 2023, while continuing bond purchases at the current pace of $4 billion per week. The bank releases its December policy decision at 10 a.m. in Ottawa.

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Original Article Source Credits:   BNN Bloomberg News ,

Article Written By:  Shelly Hagan, Bloomberg News

Original Article Posted on:  Dec 8, 2020

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