Media Relations - Latest

• January 20, 2016

  Bank of Canada maintains overnight rate target at 1/2 per cent

  Media Relations Ottawa, Ontario

  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.

  Content Type(s): Press, Press releases
• January 8, 2016

  Governor Stephen S. Poloz appointed Chair of the BIS Consultative Council for the Americas

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank for International Settlements (BIS) has appointed , Governor of the Bank of Canada, as Chair of the BIS Consultative Council for the Americas (CCA). The appointment is for a term of two years, effective 9 January 2016. The announcement is available on the BIS website. For more information, […]

  Content Type(s): Press, Press releases
• January 7, 2016

  Expect policy divergence as economies adjust to shocks, Governor Poloz says

  Media Relations Ottawa, Ontario

  Diverging monetary policies are the natural consequence of large declines in resource prices and should be expected, Bank of Canada Governor Stephen S. Poloz said in a speech today at the Mayor’s Breakfast Series in Ottawa. Last month’s interest rate increase by the U.S. Federal Reserve is the first step in a long process toward […]

  Content Type(s): Press, Press releases