Bank of Canada Policy Interest Rate down 50 bps to 1.25% | General financial discussion | Discussion forum

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Bank of Canada Policy Interest Rate down 50 bps to 1.25%
March 4, 2020
7:02 am
Doug
British Columbia, Canada
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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. sf-cool

Cheers,
Doug

March 4, 2020
7:21 am
James
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Doug said
Locking in for 18 months at 3.02% with Concentra Bank looks quite good now. sf-cool

Cheers,
Doug  

The 18 month GIC rate appears to be 2.82% at Concentra now.

March 4, 2020
10:41 am
Doug
British Columbia, Canada
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James said

The 18 month GIC rate appears to be 2.82% at Concentra now.  

Yep, still a top-tier GIC rate not in the GIC comparison chart. sf-cool

Cheers,
Doug

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