Fun Facts on BoC Pauses
The Bank of Canada just slammed the brakes on policy easing, leaving floating-rate borrowers pondering two questions.
- How long will the prime rate flatline?
- What happens after the BoC's pause?
If you look back at overnight rate records, you'll immediately notice numerous cases where our central bank paused. These intermissions indicate that the reasons for the prior trend in monetary policy had ceased on balance, at least temporarily.
Ever since the BoC first moved to scheduled announcement dates in December 2000, there have been 20 such pauses.
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