The Bank of Canada maintained its interest rate of 0.25% on April 15, 2020 and gave insight into the ongoing market outlook during the COVID-19 pandemic.
Since March 4, 2020, the Canadian interest rate has gone from 1.75% to 0.25% due in large part to the economic impacts of the novel coronavirus.
While the Bank of Canada could not give a complete forecast, they did provide analysis of what recovery could look like — and what will be needed in the short-term.
On April 15, they also announced new market operations to help weather the storm, including:
Read the full analysis of the April 15, 2020 Bank of Canada interest rate announcement and market outlook on the GeoWarehouse blog: https://www2.geowarehouse.ca/bank-of-canada-interest-rate-covid-19-pandemic/