The Bank of Canada (BoC) kept its policy interest rate at 0.25% and unveiled significant new measures to support the financial system, economists at National Bank of Canada apprise. Key quotes “There was no surprise on the policy interest rate front, which was universally seen by economists as remaining at 0.25%.” “The real focus was on asset purchases and the Bank did not disappoint. The BoC has dramatically expanded its reach when it comes to asset purchases.” “The unprecedented policy response should bolster investor confidence and help put in place conditions for a partial economic recovery. And there could be more yet to come, with today’s statement assuring that ‘the Governing Council stands ready adjust the scale or duration of its programs if necessary’.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Further correction in GBP/USD should not be ruled out – UOB FX Street 2 years The Bank of Canada (BoC) kept its policy interest rate at 0.25% and unveiled significant new measures to support the financial system, economists at National Bank of Canada apprise. Key quotes “There was no surprise on the policy interest rate front, which was universally seen by economists as remaining at 0.25%.” “The real focus was on asset purchases and the Bank did not disappoint. The BoC has dramatically expanded its reach when it comes to asset purchases.” “The unprecedented policy response should bolster investor confidence and help put in place conditions for a partial economic recovery. And there could be… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
