Bank of Canada ‘recalibrates’ QE programme

Tiff Macklem
Tiff Macklem, governor of the Bank of Canada
Bank of Canada

The Bank of Canada opted to “recalibrate” its quantitative easing programme at today’s (October 28) monetary policy meeting.

Policy-makers said the central bank would reduce the size of the programme gradually to a rate of C$4 billion (US$3 billion) a week, down from its current size of C$5 billion. At the same time, the BoC will lengthen the maturity of its purchases.

The policy rate remains on hold at 0.25%, which the central bank considers its lower bound. The BoC said the rate would remain

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