BoC Update: No Change to Prime Rate

Bank of Canada rate decision:

Rate Announcement: No change
Overnight rate: Remains at 1.75%
Bank of Canada maintains overnight rate target at 1 ¾ percent

The next scheduled date for announcing the overnight rate target is March 4, 2020. The next full update of the Bank's outlook for the economy and inflation, including risks to the projection, will be published in the MPR on April 15, 2020.


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