ST Alpha - "While possible that the BOC could drop interest rates, I think they would really hesitate...." (Reading a Post)

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In response to "You know, ordinarily with the C$ getting up into the 92 cent US range, we could expect a drop in interest rates" by Reagen

While possible that the BOC could drop interest rates, I think they would really hesitate....

Posted by Walt_Disney (aka Walt_Disney) Jun 1 '09, 09:50

Its not something they have said they want to do (go negative)....I think at this time they would rather let it play out and see what effects it might have on the economy.

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I was sort of joking. Are negative prime rates actually possible? -- nm - Canada Jun 1, 09:52 1
- theoretically, though times would have to be pretty bad for the government to have to pay banks to take loans. -- nm - mafic Jun 1, 09:55

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While possible that the BOC could drop interest rates, I think they would really hesitate....

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