# 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 a pace of at least $4 billion per week. The bank said it would maintain extraordinary forward guidance until inflation is sustainably at target.

- Date: 2021-03-10 · published 2021-03-10T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/48368-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

Low rates and continued bond buying support the loonie relative to the US dollar in the near term. The policy signals tend to keep Canadian borrowing costs low for farm and feed operators.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- bankofcanada.ca: https://www.bankofcanada.ca/2021/03/fad-press-release-2021-03-10/

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