Ottawa, Ontario

• May 29, 2001

  Bank of Canada lowers key policy rate by 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is reduced by one-quarter of one percentage point to 4 3/4 per cent.

  Content Type(s): Press, Press releases
• May 23, 2001

  Mark Jewett Appointed General Counsel to the Bank of Canada

  Media Relations Ottawa, Ontario

  The appointment of Mark Jewett as General Counsel and Corporate Secretary to the Bank of Canada has been approved by the Board of Directors of the Bank. Mr. Jewett will work in close collaboration with the Governing Council of the Bank on all management and financial stability matters. He will join the Bank on 25 June 2001.

  Content Type(s): Press, Press releases
• May 18, 2001

  Bank releases background information on renewal of the inflation-control target

  Media Relations Ottawa, Ontario

  The Bank of Canada today released the document Renewal of the Inflation-Control Target: Background Information, which provides additional details on the target arrangements and on how the Bank plans to implement them in order to increase the predictability of inflation over the longer term. This release follows the announcement yesterday by the Government of Canada and the Bank that the inflation-control target is being renewed for a period of five years to the end of 2006.

  Content Type(s): Press, Press releases