IIAC THOUGHT LEADERSHIP
Short-term Credit Market Functioning and Projected Policy
The IIAC has produced a thought leadership piece titled “Short-term Credit Market Functioning and Projected Policy”.
Access to short-term credit was in jeopardy in the early stages of the COVID-19 pandemic as many institutions rushed to access credit and funding lines at the same time. This threat was swiftly addressed, through liquidity injections and other monetary policy measures.
Many of the measures undertaken have been reduced or ended, but there has been an accumulation of a significant amount of debt by governments and a large expansion of the Bank of Canada’s balance sheet. Nonetheless, these programs and liquidity measures could be reintroduced quickly, if required.
For more information, please contact Todd Evans.