04/21/2021
We remain committed to holding the policy interest rate at the effective lower bound until economic slack is absorbed so that the 2 per cent inflation target is sustainably achieved,” the bank said in its Monetary Policy Report. “Based on the Bank’s latest projection, this is now expected to happen some time in the second half of 2022.”
https://www.bnnbloomberg.ca/bank-of-canada-pares-bond-purchases-sees-rate-hikes-earlier-1.1592799?fbclid=IwAR18Ep1hUcLyJKxkIZDsq2QLl_VBp6WPqrmNsc3fbHX3lwWU8hkgfnpLYUM
The Bank of Canada announced that it will pare back asset purchases by one-quarter and indicated that it’s moving up its expected timeline for interest-rate hikes, citing a stronger-than-expected rebound from the pandemic.