May 20, 2020 / 6:53 PM / 10 days ago

BRIEF-Bank Of Canada Deputy Governor Lane reiterates bank doesn't think a further rate cut would be advisable

May 20 (Reuters) -

* BANK OF CANADA DEPUTY GOVERNOR TIMOTHY LANE REITERATES THAT BANK DOESN’T THINK A FURTHER RATE CUT WOULD BE ADVISABLE

* BOC’S LANE SAYS “WHILE WE NEVER SAY NEVER”, BANK’S DECISION IS NOT TO CUT RATES AGAIN

* BOC’S LANE, ASKED WHETHER CANADA’S CREDIT RATING COULD SUFFER BECAUSE OF EXTRA GOV’T SPENDING, SAYS “IT’S NOT A MAJOR CONCERN AT THIS TIME” Source text for Eikon: Further company coverage: [ ] (Reporting by David Ljunggren)

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