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

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
2020-03-27 - Bank of Canada cuts rate to 0.25% in emergency move
March 27, 2020
6:56 am
Shawguy
Member
Members
Forum Posts: 277
Member Since:
December 18, 2008
sp_UserOfflineSmall Offline

https://business.financialpost.com/news/economy/breaking-bank-of-canada-cuts-rate-emergency-move

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
Bud
Member
Banned
Forum Posts: 1375
Member Since:
February 20, 2018
sp_UserOfflineSmall Offline

QE is printing money right

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

https://www.marketwatch.com/investing/bond/tmbmkca-10y?countrycode=bx

https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx

Please write your comments in the forum.