COVID-19: Monetary policy

• April 13, 2022

  Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%.

  Content Type(s): Press, Press releases
• 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
• March 2, 2022

  Bank of Canada increases policy interest rate

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %.

  Content Type(s): Press, Press releases
• January 26, 2022

  Bank of Canada maintains policy rate, removes exceptional forward guidance

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %.

  Content Type(s): Press, Press releases
• 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