Choose the statement that is incorrect.
A)From 2009 to 2018, the overnight loans rate was at historically low levels because the Bank wanted to lean in the direction of avoiding recession.
B)The Bank of Canada's choice of policy instrument is the overnight loans rate.
C)When the Bank of Canada wants to slow inflation, it raises the overnight loans rate.
D)The Bank of Canada normally changes the overnight loans rate by 25 basis points.
E)The Bank has established 12 fixed dates each year on which it announces its overnight rate target for the coming period.

Question

Quizplus · Accepted Answer

The Bank of Canada does not have a fixed number of dates each year for announcing its overnight rate target; it has a schedule, but the number of announcements can vary based on economic conditions and policy needs.

Choose the Statement That Is Incorrect