Bank of Canada holds interest rate unchanged at 0.25%

2020-06-03 14:57:17 GMT (Economies.com)

The Bank of Canada announced today holding the interest rate at 0.25% unchanged, in the bank's efforts and policy to ease the coronavirus economic impact.

 

The bank stated that the economic data show the coronavirus impact on the global economy amid uncertainty about a potential recovery.

 

However, financial conditions have slightly improved and commodity prices rose in the last few weeks, after a wide-scale drop due to the health crisis, which signals a potential recovery after the economic reopening measures.

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0031
0.2718%
1.2486
0.0178
1.4462%
Tadawul
7312.24
58.91
0.81%
18.047
0.268
1.507%
40.285
1.510
3.894%
42.80
-0.34
0.79%
1774.730
3.115
0.176%
 
 
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