July 15 (Reuters) -
* BANK OF CANADA LEAVES O/N INTEREST RATE AT 0.25%
* BANK OF CANADA SAYS WILL CONTINUE WITH LARGE-SCALE ASSET PURCHASES OF AT LEAST C$5 BILLION PER WEEK OF GOVERNMENT OF CANADA BONDS
* BANK OF CANADA SAYS ECONOMY WILL CONTINUE TO REQUIRE EXTRAORDINARY MONETARY POLICY SUPPORT
* BOC SAYS IT WILL HOLD THE POLICY INTEREST RATE AT THE EFFECTIVE LOWER BOUND UNTIL ECONOMIC SLACK IS ABSORBED SO THAT THE 2% INFLATION TARGET IS SUSTAINABLY ACHIEVED
* BOC SAYS TO SUPPORT THE RECOVERY AND ACHIEVE THE INFLATION OBJECTIVE, IT IS PREPARED TO PROVIDE FURTHER MONETARY STIMULUS AS NEEDED
* BOC SAYS WHILE ECONOMIES ARE RE-OPENING, THE GLOBAL AND CANADIAN OUTLOOK IS EXTREMELY UNCERTAIN
* BOC SAYS THERE ARE EARLY SIGNS THAT THE REOPENING OF BUSINESSES AND PENT-UP DEMAND ARE LEADING TO AN INITIAL BOUNCE-BACK IN EMPLOYMENT AND OUTPUT
* BANK SAYS IT EXPECTS ECONOMIC SLACK TO PERSIST AS THE RECOVERY IN DEMAND LAGS THAT OF SUPPLY, CREATING SIGNIFICANT DISINFLATIONARY PRESSURES
* BOC REITERATES THAT IT STANDS READY TO ADJUST ITS PROGRAMS IF MARKET CONDITIONS WARRANT