Home / Breaking News / BoC Leaves Policy Rate Unchanged, Reduces Weekly Asset Purchases to C$2B

BoC Leaves Policy Rate Unchanged, Reduces Weekly Asset Purchases to C$2B

The Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the July policy meeting as expected. However, the BoC decided to reduce the target of weekly net asset purchases of the government of Canada bonds to C$2 billion from C$3 billion.

Check Also

Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts

The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair …