Press Releases

• March 12, 2002

  Bank of Canada Governor Reviews Canadian Monetary Policy Choices

  Media Relations Paris, France

  In particular, the Governor discussed how the Bank of Canada aims to promote economic growth by means of a monetary policy symmetrically focused on a 2 per cent inflation target. "We pay equal attention to any significant movement away from 2 per cent - whether above or below," Mr. Dodge said. In contrast, the European Central Bank has an inflation-control ceiling of 2 per cent, he noted.

  Content Type(s): Press, Press releases
• March 5, 2002

  Bank of Canada keeps target for the overnight rate at 2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 1/4 per cent.

  Content Type(s): Press, Press releases
• February 20, 2002

  Bank of Canada Governor reviews Canada's experience with inflation targets and a flexible exchange rate

  Media Relations New York, New York

  In a speech to the Canadian Society of New York, Bank of Canada Governor David Dodge said today that Canada's monetary policy framework, based on an explicit inflation-control target and a flexible exchange rate, "has contributed importantly to putting the Canadian economy back on the right path to longer-term prosperity."

  Content Type(s): Press, Press releases
• January 29, 2002

  Bank of Canada Governor reviews success of inflation targets

  Media Relations Saskatoon, Saskatchewan

  In a speech to the Saskatoon and District Chamber of Commerce, Bank of Canada Governor David Dodge said today that Canada's inflation-targeting system has led to many benefits for the Canadian economy. The Governor detailed those benefits, which were confirmed when the Bank and the Government of Canada renewed their inflation-control agreement last year.

  Content Type(s): Press, Press releases
• January 28, 2002

  Bank of Canada Governor reviews key developments of last year

  Media Relations Winnipeg, Manitoba

  The Governor highlighted the global slowdown as the major economic challenge of the past year. But he said that there were also key changes within the Bank of Canada related to the implementation of monetary policy. In particular, he spoke of the success of the Bank's new system of eight fixed dates per year for announcing interest rate decisions. He also set out in detail the process that leads to those decisions.

  Content Type(s): Press, Press releases
• January 23, 2002

  Bank of Canada releases Monetary Policy Report Update

  Media Relations

  The Bank of Canada today released its Update to the November Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.

  Content Type(s): Press, Press releases
• January 15, 2002

  Bank of Canada lowers key policy interest rate by 1/4 percentage point to 2 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 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent.

  Content Type(s): Press, Press releases