2020-03-27 - Bank of Canada cuts rate to 0.25% in emergency move | General financial discussion | Discussion forum

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2020-03-27 - Bank of Canada cuts rate to 0.25% in emergency move
March 27, 2020
6:56 am
Forum Posts: 235
Member Since:
December 18, 2008
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The Bank of Canada slashed interest rates for a third time in a matter of weeks and announced plans to acquire more commercial paper and government securities to help shield the nation’s economy from coronavirus fallout.

The central bank lowered its policy rate Friday by another half a percentage point to 0.25 per cent, adding in a statement that the unscheduled rate decision brings the rate down to its effective lower bound. The Bank of Canada last cut rates to these levels in 2009, during the global financial crisis.

The move was necessitated by quickly deteriorating conditions, including a flood of new jobless claims last week, that suggest the economy is poised to produce one of the sharpest drops in economic activity in history.

March 27, 2020
7:47 am
Forum Posts: 1080
Member Since:
February 20, 2018
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QE is printing money right

5yr 10yr bond yields falling cooperating right a good sign? possibly a stock market buy signal?



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