Bank of Canada Hints at No Interest Rate Hikes Until 2023

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Mortgage Agents in High River

Prospective homebuyers were reassured today that interest rates will remain near historic lows “for a long time,” according to Bank of Canada Governor Tiff Macklem.

The BoC chief made the comments during a conference call following the Bank’s interest rate meeting, where it left the overnight lending rate unchanged at 0.25%, at its “effective lower bound.”

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Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By : Steve Huebl

Original Article Posted on : July 16, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/07/bank-of-canada-hints-at-no-interest-rate-hikes-until-2023/

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