Bloomberg's Shelly Hagan on BOC Rates

The video discusses the Bank of Canada's decision to maintain its current monetary policy, including keeping interest rates at 25 basis points and continuing its quantitative easing program. Economists anticipated this decision and were looking for signs of future policy changes. The Bank noted the Canadian dollar's rise due to higher commodity prices and acknowledged the impact of lockdowns on economic growth. However, with rising vaccination rates, a strong economic rebound is expected in the latter half of the year.

What is the current effective lower bound for the Bank of Canada's interest rates?

What commitment did the Bank of Canada make regarding its quantitative easing program?

What was the general sentiment of economists regarding the Bank of Canada's monetary policy decision?

How did the third wave of lockdowns affect growth in the second quarter according to the Bank of Canada?

What factors are contributing to a healthy rebound in the Canadian economy in the second half of the year?