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Placeline/People

City Vaughan

Country Canada

Bank of Canada keeps key interest rate on hold at 0.25%

The Bank of Canada is warning that the downturn tied to COVID-19 will be the worst on record and that the economic recovery will depend on the effectiveness of current measures to bring the pandemic under control. The bank also announced that it is keeping its key interest rate target on hold at 0.25 per cent, saying that it is effectively as low as it can go to combat the economic impacts of COVID-19.

Source name:

Unique identifier: CP17166988

Legacy Identifier: b_Interest-Bank-Canada20200415T1300

Type: Video

Duration: 2m22s

Dimensions: 1920px × 1080px 166.78 MB

Create Date: 4/15/2020 1:00:00 PM

Display aspect ratio: 16:9