Today news
About the same in other media
Bank of Canada Ends Quantitative Easing
Reading now: 564
wsj.comOTTAWA -- The Bank of Canada took a major step in pulling back on the amount of stimulus it is providing to the economy on Wednesday by ending net new purchases through its quantitative easing program and moving up its forecast for when it could first raise the benchmark overnight interest rate from the current, ultralow level.
The central bank said robust economic growth in Canada has resumed after a spate of weakness during the spring, although it is still being held back by supply constraints. It said it would shift its quantitative easing program to what it refers to as a reinvestment phase, in which the central bank purchases only enough new bonds to replace those that are maturing.
Read more on wsj.comAbout this in other media
Car firms agree at Cop26 to end sale of fossil fuel vehicles by 2040 theguardian.com /2 years ago
UK Treasury and central bank will consult on CBDC, potentially launching by 2030 cointelegraph.com /2 years ago
Russian Central Bank Says No As Ministries Hope to Legalize Bitcoin Mining cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
