# Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing - Bank of Canada

> The Bank of Canada held its overnight rate at the effective lower bound of 0.25% and kept its quantitative easing program at C$3 billion per week. The bank said global activity is picking up but growth is uneven, and that commodity prices and the Canadian dollar have risen further. It will keep forward guidance on the policy rate until inflation is sustainably at target.

- Date: 2021-06-09 · published 2021-06-09T12:00:00.000Z
- Category: policy · region Canada · magnitude low
- Page: https://feedsoft.ai/events/46837-bank-of-canada-will-hold-current-level-of-policy-rate-until-inflation-objective
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Continued easy policy keeps Canadian borrowing costs low and supports demand for commodities and the currency. For feed buyers, the stance has little direct price effect on grains but signals that financing costs for Canadian agriculture will stay low.

## Sources

- bankofcanada.ca: https://www.bankofcanada.ca/2021/06/fad-press-release-2021-06-09/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.