Posts
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Foreign Exchange Interventions: The Long and the Short of It
This paper studies the effects of foreign exchange (FX) interventions in a two-region model where governments issue both short- and long-term bonds. We find that the term premium channel dominates the trade balance channel in our calibrated model. As a result, the conventional beggar-thy-neighbor effects of interventions are overturned. -
June 6, 2022
Understanding quantitative easing
QE is a tool that encourages spending and investment—helping us to achieve our inflation target by stabilizing the economy. -
June 6, 2022
Financial System Survey highlights—Spring 2022
This article presents the key results from the spring 2022 Bank of Canada Financial System Survey, conducted between February 22 and March 18. The survey included a special section on the potential risks associated with the global normalization of monetary policy. -
June 2, 2022
Economic progress report: Navigating a high inflation environment
Bank of Canada Deputy Governor Paul Beaudry talks about the Bank’s latest interest rate announcement and the importance of keeping inflation expectations well anchored to prevent high inflation from becoming entrenched. -
June 2, 2022
Navigating high inflation
On June 1, the Bank of Canada decided to increase its policy interest rate by half a percentage point. Speaking the next day, Deputy Governor Paul Beaudry explains why inflation has been higher than expected and what we are doing to get it back to our 2% target. -
June 2, 2022
Midi info on Radio-Canada
Paul Beaudry, Deputy Governor of the Bank of Canada
Interview with Midi info on Radio-Canada -
June 2, 2022
Zone économie on Radio-Canada
Paul Beaudry, Deputy Governor of the Bank of Canada
Interview with Zone économie on Radio-Canada -
June 1, 2022
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%. -
May 31, 2022
Research Update - May 2022
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.