The Bank of Canada To Keep Its Key Interest Rate Target On Hold

Date Posted: April 21, 2021

Amid the third wave of Covid-19, The Bank of Canada key rate remains at 0.25 per cent, where it has been for over a year now. The decision came as the Bank of Canada predicted the economic growth this year to 6.5 per cent, up from the earlier forecast of 4.0 per cent. Economic growth is expected to moderate after that, as predicted by the Bank of Canada report. The Bank of Canada plans to keep up their efforts to help the economy improve, which is predicted to be seen next year.

To read more from The Bank of Canada, click here.

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