Bank of Canada Press Release

PRESS RELEASE - Bank of Canada lowers key policy interest rate by 1/4 percentage point to 2 per cent, 15 January.

The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent.

In the November Monetary Policy Report, the Bank indicated that the timing and extent of the recovery in economic activity in Cana

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