Posts

• March 6, 2024

  Bank of Canada Media Interview – Market News International

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Market News.

  Content Type(s): Press, Media advisories
• March 6, 2024

  Bank of Canada maintains policy rate, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.

  Content Type(s): Press, Press releases
• March 6, 2024

  Monetary Policy Decision 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.

  Content Type(s): Press, Speeches and appearances, Opening statements
• March 6, 2024

  Bank of Canada Interest Rate Announcement

  On Wednesday, March 6, 2024, 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.

  Content Type(s): Press, Media advisories
• March 6, 2024

  Reuters

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with Reuters

  Content Type(s): Press, Media activities
• February 26, 2024

  CARR Meeting (February 26, 2024)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group

• How changes in the share of constrained households affect the effectiveness of monetary policy

  Staff Analytical Note 2024-3 Felipe Alves, Sushant Acharya

  We measure how the change in the share of constrained households in Canada following the COVID-19 recession has impacted the effectiveness of monetary policy.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Coronavirus disease (COVID-19), Monetary policy transmission JEL Code(s): E, E2, E21, E4, E40, E5, E50

• How Do Agents Form Macroeconomic Expectations? Evidence from Inflation Uncertainty

  Staff Working Paper 2024-5 Tao Wang

  The uncertainty regarding inflation that is observed in density forecasts of households and professionals helps macroeconomists understand the formation mechanism of inflation expectations. Shocks to inflation take time to be perceived by all agents in the economy, and such rigidity is lower in a high-inflation environment.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Inflation and prices, Monetary policy and uncertainty JEL Code(s): D, D8, D84, E, E3, E31, E7, E71
• February 14, 2024

  Start date for the morning auction of Receiver General cash balances

  The Bank of Canada (the “Bank”), in its role as fiscal agent for the Government of Canada, previously announced the government’s intention to reintroduce morning auctions of Receiver General (RG) cash balances. Today, the Bank is announcing that RG auctions will commence on February 21st, 2024, and be conducted daily at 9:15 am.

  Content Type(s): Press, Market notices
• February 14, 2024

  Panel participation by Rhys R. Mendes, Deputy Governor of the Bank of Canada

  On Wednesday, February 14, 2024, Rhys R. Mendes, Deputy Governor of the Bank of Canada, will participate in a panel discussion at the Lazaridis School of Business & Economics at Wilfrid Laurier University.

  Content Type(s): Press, Media advisories