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

> The Bank of Canada held its policy rate at the effective lower bound of 0.25% and continued quantitative easing of at least $4 billion per week. The central bank cited faster-than-expected vaccine arrival and a weaker US dollar combined with stronger commodity prices.

- Date: 2021-01-20 · published 2021-01-20T12:00:00.000Z
- Category: macro · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/49372-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 money and a weaker US dollar support commodity prices in US-dollar terms. A stronger Canadian dollar from higher commodity prices can raise the cost of Canadian exports.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- bankofcanada.ca: https://www.bankofcanada.ca/2021/01/fad-press-release-2021-01-20/

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