Bank of Canada Brings Policy Rate Back to Crisis Low

<p>The Bank of Canada cut its policy interest rate a further 50 basis points, to 0.25% (from 0.75%), in another inter-meeting cut. The level of the policy interest rate is now back to the lows reached in the Global Financial Crisis. Notably, the statement accompanying the decision referred to 0.25% as the &#8216;effective lower bound&#8217; [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/fundamental-analysis/283271-bank-of-canada-brings-policy-rate-back-to-crisis-low/">Bank of Canada Brings Policy Rate Back to Crisis Low</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>