The Bank of Canada and the Bank of England have also lended their support.
The Bank of Canada has raised its overnight rate five times in little over a year.
In addition, the Bank of Canada has cut interest rates by 3.5 percentage points this year.
ECB, the Bank of Canada and the Bank of England might have otherwise provided.
The Bank of Canada has signalled that it may soon raise interest rates.
Among central banker types, Mark Carney (currently at the Bank of Canada) and Arminio Fraga (formerly president of Brazil's outfit) have stood out.
That might force the Bank of Canada to hike rates sooner rather than later, as Bank of Canada Governor Mark Carney has warned recently.
But running a central bank like the Bank of England will be quite a step up from the Bank of Canada, for a number of reasons.
The joint operation, which also involves the Bank of Canada, was a sign that the ECB philosophy, to be generous in times of liquidity shortage, is gaining traction.
The Bank of Canada has named long-term bureaucrat and economist Stephen Poloz as its new head, replacing Mark Carney who is going to run the Bank of England.
In addition, the Bank of Japan and the Bank of Canada have also used their ability to pay interest on reserves to maintain a floor under short-term market rates.
That is lower than some private forecasts but in line with that of the Bank of Canada, which sees growth picking up later to reach 2.5% for the year.
Currently governor of the Bank of Canada, Mr Carney, his English wife and four children live in a large family house a short distance from his office in Ottawa.
He is currently the governor of the Bank of Canada and will become the first foreign BoE governor in its history when he takes over the reins from Sir Mervyn King.
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On October 8th the Bank of Canada cut its benchmark interest rate by 50 basis points (to 2.5%) in a co-ordinated move with the other main central banks around the world.
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The maple leaf depicted on the bills isn't an indigenous Canadian maple at all, but a nonnative and invasive Norway maple, he claimed in an email exchange with the Bank of Canada.
The Bank of Canada meets on Tuesday to discuss the latest series of economic releases and has to reconcile a current 1% benchmark rate of interest along with a deteriorating take on inflation.
The European Central Bank and the Bank of England both took part in the coordinated action Wednesday, which also included the U.S. Federal Reserve, the Bank of Canada, the Swiss National Bank and the Swedish Riksbank.
The Fed, ECB, BoJ, BoE, SNB and the Bank of Canada lowered interest rates 50 basis points on dollar swaps, and China lowered its required reserve ratio by 50 bps, the first cut since 2008.
As well as being the head of the Bank of Canada, he serves as chairman of the Basel-based Financial Stability Board (FSB) and as a member of the board of directors of the Bank for International Settlements (BIS).
Which is why George Osborne was very keen to recruit the governor of the Bank of Canada, Mark Carney, to succeed Sir Mervyn King in a rather bigger and more complex job, as governor of the Bank of England.
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system.
The bills' polymer material was exposed to temperatures as high as 284 degrees Fahrenheit and as low as minus-103 degrees in the central bank's laboratories and in a series of independent labs, according to Martine Warren, chemist and scientific adviser at the Bank of Canada.
Unlike other major central banks, including the Bank of England and the US Federal Reserve, the Bank of Canada's six-member governing council makes its decisions by consensus rather than votes and present verdicts as a common decision, thereby avoiding being labelled hard or soft on policy.
The unexpected collective move by the U.S. Federal Reserve, the European Central Bank, the Bank of Japan, the Bank of Canada and the Swiss National Bank were bullish for risk assets as the U.S. and European stock markets, and most commodity markets, rallied on the news.
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The economy is probably in its fifth quarter of recession and the Royal Bank of Canada thinks the New Zealand central bank may have to resort to foreign-exchange intervention.
Canada's banking system, essentially made up of the Royal Bank of Canada and four other big banks, remained strong during the global credit crisis.
Nip into the Royal Bank of Canada at the corner of West Georgia Street and Burrard Street, and take the escalator up one floor.
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