Economics
Bank of Canada to Restate Low-Rate Guidance: Decision-Day Guide
- No changes expected to bond buying program, at least for now
- Statement-only decision due Wednesday; deputy speaks Thursday
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The Bank of Canada is expected to keep extremely accommodative policy intact on Wednesday, with an outside chance it will do even more to support the recovery.
Economists predict the central bank will restate a pledge to hold its overnight interest rate at 0.25% until at least 2023, while continuing bond purchases at the current pace of C$4 billion ($3.1 billion) per week. The bank releases its December policy decision at 10 a.m. in Ottawa.