Reported about 7 hours ago
The Bank of Canada has stated that the criteria for utilizing exceptional monetary policy tools, such as quantitative easing, should remain stringent following a review of its response to the Covid-19 pandemic. This assessment acknowledges the lessons learned about market interventions and clarifies the conditions under which such policies may be employed in future economic crises. The report also highlights the potential risks of forward guidance and the importance of clear communication regarding interest rate decisions.
Source: YAHOO