The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
The Bank of Canada is exploring the links between financial stability considerations and traditional central bank approaches to inflation targeting as part of its risk-management approach to achieving its monetary policy goals, Governor Stephen S. Poloz said today. As the Bank of Canada works toward renewing its inflation-targeting agreement with the federal government next year, […]
The Bank of Canada is taking a risk-management approach to integrating financial stability concerns into monetary policy, Governor Stephen S. Poloz said today. In a speech to the meeting of the Institute of International Finance in Lima, Peru, the Governor said financial stability issues add a new dimension of risk to the many uncertainties that […]