As the latest high-frequency data and surveys look encouraging, and policy actions to date have helped to pull corporate and provincial borrowing costs back down to pre-virus levels, we do not expect the Bank to announce any major policy changes next week. The Bank might eventually consider yield curve control but, with bond yields already very low, there is little need for such a policy yet.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services