{"id":31438,"date":"2020-07-15T20:47:20","date_gmt":"2020-07-15T16:47:20","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31438"},"modified":"2020-07-15T21:54:10","modified_gmt":"2020-07-15T17:54:10","slug":"boc-to-keep-rates-until-inflation-target-is-reached","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/boc-to-keep-rates-until-inflation-target-is-reached\/07\/15\/market-updates\/","title":{"rendered":"BoC to Keep Rates until Inflation Target is Reached"},"content":{"rendered":"\n<p>The Bank of Canada (BoC) plans to maintain its main interest rate near zero until the 2% inflation target is sustainably achieved.<\/p>\n\n\n\n<p>This comes as the BoC decided to maintain its benchmark interest rate at 0.25% on Wednesday<\/p>\n\n\n\n<p>BoC is also committed to buying $3.7 billion worth of Canadian government bonds every week, until the recovery process is completed.<\/p>\n\n\n\n<p>\u201cAs the economy moves from reopening to recuperation, it will continue to require extraordinary monetary policy support,\u201d the Canadian central bank said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Canada (BoC) plans to maintain its main interest rate near zero until the 2% inflation target is sustainably achieved. This comes as the BoC decided to maintain its benchmark interest rate at 0.25% on Wednesday BoC is also committed to buying $3.7 billion worth of Canadian government bonds every week, until the &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6991,6895],"class_list":["post-31438","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-bank-of-canada","tag-canada"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=31438"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31438\/revisions"}],"predecessor-version":[{"id":31443,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31438\/revisions\/31443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31439"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}