Posts

• The 2021–22 Surge in Inflation

  Staff Discussion Paper 2023-3 Oleksiy Kryvtsov, James (Jim) C. MacGee, Luis Uzeda

  The rise in inflation in 2021–22 sparked a growing literature and debate over the causes of the surge as well as the near- and medium-term path for inflation. This review offers three key messages.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Inflation and prices, Inflation targets, Monetary policy JEL Code(s): E, E3, E31, E5, E52, E58
• January 25, 2023

  Bank of Canada Media Interview – CTV News

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Joyce Napier of CTV News.

  Content Type(s): Press, Media advisories
• January 25, 2023

  Bank of Canada Media Interview – Reuters

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Steve Scherer and David Ljunggren of Reuters.

  Content Type(s): Press, Media advisories
• January 25, 2023

  Bank of Canada Media Interview – TVA Nouvelles

  Deputy Governor Paul Beaudry gave an interview to Olivier Ferron-Boissé of TVA Nouvelles.

  Content Type(s): Press, Media advisories
• January 25, 2023

  CTV News

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with CTV News

  Content Type(s): Press, Media activities
• January 25, 2023

  TVA Nouvelles

  

  Paul Beaudry, Deputy Governor of the Bank of Canada
  Interview with TVA Nouvelles

  Content Type(s): Press, Media activities
• January 25, 2023

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 25, 2023

  Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%.

  Content Type(s): Press, Press releases
• January 25, 2023

  Monetary Policy Report – January 2023

  

  Inflation in Canada is still too high but has declined from its peak. As the effects of higher interest rates continue to spread through the economy, and with declines in energy prices and improved supply chains, inflation is projected to fall to around 3% in the middle of 2023 and reach the 2% target in 2024.

  Content Type(s): Publications, Monetary Policy Report
• January 25, 2023

  Bank of Canada interest rate announcement and release of the Monetary Policy Report

  On Wednesday, January 25, 2023, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision.

  Content Type(s): Press, Media advisories