✉news BusinessBanking first seen 21 h ago, last 15 h ago, peak #25
Bank of Canada Ramps Up Two-Week Repo Operations
Original: Bank of Canada Boosts Two-Week Repo Use to Lower Corra Pressure
The Bank of Canada is increasing its use of two-week repo operations in an effort to ease upward pressure on Corra, the Canadian Overnight Repo Rate Average that serves as a key benchmark for Canadian lending rates. The move signals ongoing strain in short-term money markets, and market watchers are tracking whether the central bank's liquidity support will keep funding costs in check.
Why now: Traders and analysts are watching signs of stress in Canada's short-term funding markets and the central bank's response to it.
Evidence
- Bank of Canada Boosts Two-Week Repo Use to Lower Corra Pressure · Bloomberg
- Bank of Canada Boosts Two-Week Repo Use to Lower Corra Pressure · Bloomberg.com
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