Monetary Policy Report

• October 26, 2022

  Monetary Policy Report – October 2022

  

  While inflation has come off its peak, it remains too high. As the economy responds to higher interest rates and as the effects of elevated commodity prices and supply disruptions fade, the Bank expects inflation to fall to about 3% in late 2023, then return to 2% in 2024.

  Content Type(s): Publications, Monetary Policy Report
• July 13, 2022

  Monetary Policy Report – July 2022

  

  The Canadian economy is now clearly in excess demand, and inflation is high and broadening. The Bank is projecting inflation to decline to about 3% by the end of 2023, and to return to the 2% target by the end of 2024.

  Content Type(s): Publications, Monetary Policy Report
• April 13, 2022

  Monetary Policy Report – April 2022

  

  Canadian economic activity remains strong, and employment is robust. The Bank is forecasting growth of about 4¼% in 2022, easing to 3¼% in 2023.

  Content Type(s): Publications, Monetary Policy Report
• January 26, 2022

  Monetary Policy Report – January 2022

  

  The Canadian economy entered 2022 in a strong position. The Bank is forecasting growth of 4% in 2022 and about 3½ % in 2023.

  Content Type(s): Publications, Monetary Policy Report