Press Releases
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28 August 2001 Bank of Canada lowers key policy interest rate by 1/4 percentage point to 4 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate* by one-quarter of one percentage point to 4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 4 1/4 per cent. With today's action, the total reduction in interest rates by the Bank this year amounts to 1 3/4 percentage points. -
1 August 2001 Bank of Canada releases Monetary Policy Report Update
The Bank of Canada today released its Update to the May Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.