Bank of Canada maintains its key rate at 0.25%, cuts growth forecast for 2021 – July 14, 2021

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In a virtual news conference, Bank of Canada governor Tiff Macklem discusses the central bank's latest interest rate decision and monetary policy report, as well the economic impact of the ongoing COVID-19 pandemic. The bank has kept its target for the overnight rate at 0.25 per cent since March 2020 in response to the coronavirus pandemic. The latest forecast for the Canadian economy includes a slight downgrade in projected growth for 2021.
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