Close X
Tuesday, November 26, 2024
ADVT 
National

Bank of Canada names experts to assess its internal review of pandemic policy actions

Darpan News Desk The Canadian Press, 08 Aug, 2024 09:56 AM
  • Bank of Canada names experts to assess its internal review of pandemic policy actions

The Bank of Canada has named three experts that will assess its internal review of the central bank's policy response to the COVID-19 pandemic.

The experts are Pablo Hernández de Cos, former governor of the Bank of Spain, Kristin J. Forbes, a former member of the Bank of England's monetary policy committee and Trevor Tombe, an economics professor at the University of Calgary.

Bank of Canada deputy governor Sharon Kozicki announced in June that the central bank would undertake a review aimed at laying out lessons learned from the bank's actions.

In March 2020, the Bank of Canada cut its key interest rate to near-zero in response to the economic shutdown caused by the COVID-19 pandemic and signalled that rates would stay exceptionally low for a long time.

It also launched its first quantitative easing program, which involved buying government bonds to drive interest rates even lower.

The Bank of Canada says the internal review and external assessment will be published toward the end of the year.

MORE National ARTICLES

Bell files injunction seeking to block Rogers from broadcasting Warner Bros. content

Bell files injunction seeking to block Rogers from broadcasting Warner Bros. content
In a court application filed June 19, the BCE Inc. subsidiary said a licensing deal that was announced nine days earlier between Warner Bros. and Rogers breached non-compete provisions that Bell had in place when it previously acquired the rights to the content.

Bell files injunction seeking to block Rogers from broadcasting Warner Bros. content

Complex shoplifting in Metro Vancouver

Complex shoplifting in Metro Vancouver
Two individuals involved in a series of complex shoplifting cases in Metro Vancouver have pleaded guilty and were sentenced for their roles. Surrey Mounties say 51-year-old Nicoleta Rusu and 39-year-old Emil Marian Stan stole goods such as high-end fragrances and athletic clothing valued at 53-thousand dollars over a six-month span.

Complex shoplifting in Metro Vancouver

Road rage incident in Richmond

Road rage incident in Richmond
Police in Richmond are on the lookout after a road rage incident resulted in the occupant of one car opening fire on the driver of another vehicle. Richmond R-C-M-P say they responded to a call of shots fired on Hollybridge Way on the evening of June 28th.

Road rage incident in Richmond

Sixteen-year-old girl dies after fentanyl overdose in Prince George: RCMP

Sixteen-year-old girl dies after fentanyl overdose in Prince George: RCMP
Police in Prince George say a 16-year old girl who was taken to hospital last week after a drug overdose has died. Prince George RCMP's Serious Crime Unit is investigating and says the girl appears to have been targeted by a fentanyl trafficker.

Sixteen-year-old girl dies after fentanyl overdose in Prince George: RCMP

Five years after historic tobacco ruling, 'nothing has changed'

Five years after historic tobacco ruling, 'nothing has changed'
Several health advocacy groups have also sounded the alarm about the lack of movement and transparency in the case, warning Canada could miss out on what they call a historic opportunity to reduce tobacco use and regulate the industry.

Five years after historic tobacco ruling, 'nothing has changed'

More flight cuts expected after WestJet strike

More flight cuts expected after WestJet strike
Some 680 members of the Aircraft Mechanics Fraternal Association had walked off the job on Friday evening despite a directive for binding arbitration from federal Labour Minister Seamus O'Regan.

More flight cuts expected after WestJet strike