Bank of Canada ‘recalibrates’ QE programme
Central bank changes programme’s focus as Covid-19 cases climb
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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