BRIEF-Bank of Canada announces change to maximum bid rate for securities repo operations

Bank of Canada:

* BANK OF CANADA ANNOUNCES CHANGE TO MAXIMUM BID RATE FOR SECURITIES REPO OPERATIONS

* BANK OF CANADA SAYS MAXIMUM BID RATE IN SRO WILL BE SET AT 15 BPS BELOW BANK’S TARGET FOR OVERNIGHT RATE, EFFECTIVE MONDAY, JAN 30 Source: https://bit.ly/3DgKl8P

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