Carney hails Canada's 'massive and disciplined' crisis response

Mark Carney

Outgoing Bank of Canada governor Mark Carney today credited the response of the central bank and the Canadian government with having meant that Canada is alone among G7 nations in not having resorted to quantitative easing, and having already begun its exit from ultra-low interest rates.

During the crisis, Carney said, "the Bank of Canada aggressively cut our policy rate until it reached one-quarter of one per cent, the lowest it can effectively go. The Bank then provided extraordinary guidance

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: