1.Bank of Canada has been using quantitative easing programs (expanding money supply) in order to combat the recession caused by the pandemic.

The next scheduled date for bank of Canada announcing the overnight rate target is March 10, 2021.

a.What do you think the Bank of Canada will do? Briefly justify your answer.

Given the Locus critique, do you think the central banks, in general, should announce their policies in advance? Briefly justify your answer.