February 3, 2017 / 3:18 PM / in 2 years

Bank of Canada lowers minimum purchase amount of bonds at auction

A man is reflected in a window while walking past the Bank of Canada office in Ottawa, Ontario, Canada, May 25, 2016. REUTERS/Chris Wattie

OTTAWA (Reuters) - The Bank of Canada said on Friday it will reduce its minimum purchase amount of Canadian government nominal bonds at auctions to 14 percent from the current 15 percent, effective immediately.

The central bank said the change was for balance sheet purposes only and has no implications for monetary policy. It will continue to indicate its intentions for minimum purchases on the call for tenders for each offering of nominal bonds.

Reporting by Leah Schnurr; Editing by Chizu Nomiyama

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