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References https://www.bankofcanada.ca/2020/09/fad-press-release-2020-09-09/ 1. Define the Bank of Canada's overnight rate. What is the current overnight rate? Why has the Bank of Canada set the rate

References

https://www.bankofcanada.ca/2020/09/fad-press-release-2020-09-09/

1. Define the Bank of Canada's overnight rate. What is the current overnight rate? Why has the Bank of Canada set the rate so low? (2 marks)

2. Define "quantitative easing" and explain how it works.

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