At a news conference in Ottawa, Bank of Canada governor Stephen Poloz and senior deputy governor Carolyn Wilkins discuss the central bank’s latest interest rate decision and monetary policy report, as well the economic impact of the ongoing COVID-19 (coronavirus) pandemic. The bank made an unscheduled rate decision on March 27, when it lowered its key interest rate to 0.25% in response to COVID-19 and the decline in global oil prices.
