Bank of Canada keeps benchmark interest rates unchanged
After the last interest rate meeting this year, the Bank of Canada announced that it will maintain its benchmark interest rate at 0.25% and will maintain its weekly bond purchase plan of at least 4 billion Canadian dollars, which is in line with market expectations. The statement after the meeting pointed out that the breakthrough in the development of the new crown vaccine is increasing the market’s optimism about the end of the epidemic, and the local economic trend in the fourth quarter seems to be stronger than expected in October. However, the Central Bank of Canada reiterated that it will maintain the current interest rate level until the idleness of the economy is fully absorbed and inflation returns to 2%, but it is expected that this situation will not occur before 2023.
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.