The Bank of Canada has kept its key interest rate at 5%, signaling its confidence in the nation's economic stability. Meanwhile, Canada's banking regulator has decided against raising capital requirements for the country's largest lenders, showing belief in the robustness of banks' balance sheets to weather economic turbulence. The financial regulator has also maintained the domestic stability buffer for the country's major banks at 3.5%, indicating that previous measures have fortified the capital of these institutions. In other news, the Reserve Bank of Australia (RBA) has stated that increased financial stress is unlikely to impact stability.
Canada financial regulator maintains big banks' domestic stability buffer at 3.5% https://t.co/H179ymBSVP https://t.co/GX37WpxF5U
Canada financial regulator maintains banks' domestic stability buffer at 3.5% https://t.co/thhn9X9RoI https://t.co/mB7t4Z9MKR
⚠️ CANADA FINANCIAL REGULATOR MAINTAINS BANKS' DOMESTIC STABILITY BUFFER AT 3.5% Canada's financial regulator on Friday said it was maintaining the amount of capital the country's biggest lenders must hold, saying its previous actions had bolstered the big six banks' capital… https://t.co/6rhxIuSwvB
Canada’s banking regulator chose not to boost capital requirements on the country’s largest lenders, signaling that officials believe banks’ balance sheets are strong enough to withstand economic turbulence https://t.co/yAQD6enmXJ
Canada’s banking regulator chose not to boost capital requirements on the country’s largest lenders, signaling that officials believe banks’ balance sheets are strong enough to withstand economic turbulence https://t.co/F6Vp8HqONP
Canada’s banking regulator chose not to boost capital requirements on the country’s largest lenders, signaling that officials believe banks’ balance sheets are strong enough to withstand economic turbulence https://t.co/H13SyixEw5
RBA Says Increased Financial Stress Unlikely to Impact Stability https://t.co/75AUXUiTNI
RBA Says Increased Financial Stress Unlikely to Impact Stability https://t.co/5A6zAl4Z5l
Canada maintains key interest rate at 5% https://t.co/jxVUftDpqe