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Bank of Canada Policy Interest Rate down 50 bps to 1.25%
March 4, 2020
7:02 am
7:02 am
Doug
British Columbia, Canada
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December 12, 2009
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Further cuts later this year seem likely, given the statement.
Policy Interest Rate was last raised 25 bps to 1.75% from 1.50% in October 2018.
Link: https://www.bankofcanada.ca/2020/03/fad-press-release-2020-03-04/
Link: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/
Locking in for 18 months at 3.02% with Concentra Bank looks quite good now.
Cheers,
Doug
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