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- BoC Governor Poloz: Unscheduled rate decision brings the policy rate to its effective lower bound
BoC Governor Poloz: Unscheduled rate decision brings the policy rate to its effective lower bound
- We are also working to keep the financial system functioning, helping make sure credit is available to people and companies
- Intent of our decision today is two-fold: to immediately support financial system so it keeps on providing credit, and, over the longer term, to lay the foundation for economy's return to normalcy
- Commercial Paper Purchase Program will help to restore key source of short-term funding for businesses
- Acquiring of Government of Canada securities in the secondary market will help address strains in debt market and to enhance effectiveness of all other actions taken so far
- Governing Council stands ready to take further action as required to support the Canadian economy and its financial system and to keep inflation on target
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