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Essentials of Monetary Policy

Bank of Canada (BoC). The BoC Pulls the Plug on QE

October 27, 2021
Benoit P. Durocher
Principal Economist

As expected, the BoC just announced that it will stop buying bonds on the financial markets. It’s worth remembering that it had already begun to cut back in the spring. There was no longer any reason to continue with this kind of monetary easing, what with the Canadian economy continuing to recover and inflationary pressures persistently higher than forecast.

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