Media Relations - Latest

• 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
• May 17, 2001

  Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Inflation-Control Target

  Media Relations

  The objective of Canada's monetary policy is to support and advance national economic well-being by contributing to sustained economic growth, rising levels of employment and improved living standards. The best contribution monetary policy can make to securing this outcome is to preserve confidence in the value of money by providing individuals and businesses with the certainty of a stable, low-inflation environment for their economic decisions.

  Content Type(s): Press, Press releases
• May 1, 2001

  Bank of Canada releases semi-annual Monetary Policy Report

  Media Relations

  The Bank of Canada today released its thirteenth semi-annual Monetary Policy Report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy. The Monetary Policy Report is published every May and November.

  Content Type(s): Press, Press releases
• April 20, 2001

  Governor talks about the Bank of Canada's contribution to monetary and financial stability and about the current economic situation

  Media Relations Vancouver, British Columbia

  n a speech today to The Vancouver Board of Trade, Governor David Dodge said that the Bank of Canada contributes to the economic well-being of Canadians by preserving confidence in the value of money and by promoting the safety and soundness of Canada's financial system.

  Content Type(s): Press, Press releases
• April 17, 2001

  Bank of Canada lowers Bank Rate by 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering the Bank Rate by one-quarter of one percentage point to 5 per cent. The operating band for the overnight rate* is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 4 3/4 per cent.

  Content Type(s): Press, Press releases
• March 20, 2001

  Governor highlights Bank of Canada's contribution to domestic and global financial stability

  Media Relations Montréal, Quebec

  As an open economy, Canada has a strong interest in promoting a sound and robust international economic environment, Governor David Dodge said today, in a speech to the Montreal Society of Financial Analysts. He stressed that sound macroeconomic policies and robust and efficient financial systems are of paramount importance in an increasingly interconnected world.

  Content Type(s): Press, Press releases
• March 6, 2001

  Bank of Canada lowers Bank Rate to 5 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering the Bank Rate by one-half of one percentage point to 5 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 5 per cent.

  Content Type(s): Press, Press releases
• February 20, 2001

  Governor underlines Bank of Canada's ongoing commitment to good economic performance

  Media Relations Toronto, Ontario

  In highlighting the Bank's commitment to contribute to the economic well-being of Canadians, Mr. Dodge said that the Bank must continue to "conduct monetary policy so as to promote sustained economic growth, create conditions conducive to rising investment, employment, and incomes, and encourage a more stable macroeconomic environment." He stressed that the best contribution monetary policy can make to such an outcome is "to keep future inflation low, stable, and predictable."

  Content Type(s): Press, Press releases