... described as a “floor system.” These are the ECB, the Bank of Japan, the Bank of England, the Bank of Canada, and Norges Bank. The remaining central banks the Reserve Bank of Australia, the Reserve ... has traded on average about 7 basis points below the Bank Rate over this period, occasionally falling below the Bank Rate by as much as 35 basis points. Bank of Canada The Bank of Canada (BoC) ... bank colleagues at the Reserve Bank of Australia, the Bank of Canada, the Bank of England, the European Central Bank, the Bank of Japan, the Reserve Bank of New Zealand, Norges Bank, and Sveriges...