Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least...

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Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds. Both the global...

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Recovery Delayed as International Travel Remains Locked Down

Translations:Recuperação mais lenta enquanto as viagens internacionais continuam parada[1]s (pdf)La recuperación se retrasa ante el continuo bloqueo de los viajes internacionales[2] (pdf)La reprise est retardée par l’interdiction des voyages internationaux[3] (pdf)国际航协:国际旅行仍受限制 航空客运复苏迟缓[4] (pdf) Geneva – The International Air Transport Association (IATA) released an updated global passenger forecast showing that the recovery in traffic has been slower than had been expected. In...

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Pregnant mothers and babies born during COVID-19 pandemic threatened by strained health systems and disruptions in services

NEW YORK, 7 May 2020 – An estimated 116 million babies will be born under the shadow of the COVID-19 pandemic, UNICEF said today ahead of Mother’s Day. These babies are projected to be born up to 40 weeks after COVID-19 – currently straining health systems and medical supply chains all over the world – was recognized as a pandemic...

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