The Canadian Press

2015-12-08 | BoC Monetary Policy

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The Bank of Canada is saying for the first time that it would consider pushing its trend-setting interest rate below zero if the country ever suffered another major economic shock such as the financial crisis.

Date: 2015-12-08
Placeline: Undated.
Source: The Canadian Press
Length: 33 seconds

Transcript Prediction: << thank Governor Steven Polo assassin negative interest rate is among several potential unconventional monetary policy tools could apply in an unlikely crisis scenario but he's stressing the fact that listing the measures should in no way be taken as a sign the banks about to use any of them fall off says after examining the experiences of other countries since the financial crisis the central bank's adding new potential remedies to a cabinet already stocked with options like forward guidance and quantitative easing John Kelly the Canadian press >>


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