January 24, 2024
Posts
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January 24, 2024
Bank of Canada Media Interview – The Canadian Press
Tiff Macklem, Governor of the Bank of Canada, gave an interview to Nojoud Al Mallees of The Canadian Press. -
January 24, 2024
Bank of Canada interest rate announcement and release of the Monetary Policy Report
On Wednesday, January 24, 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. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision. Please note that this will take place at a new time, 09:45 (Eastern Time). -
January 24, 2024
Bank of Canada maintains policy rate, continues quantitative tightening
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%. -
January 24, 2024
Monetary Policy Report – January 2024
Interest rates are working to moderate spending and inflation is easing gradually, though underlying pressures are proving persistent. The Bank projects that inflation will stay around 3% through the first half of 2024, returning to target in 2025. -
January 24, 2024
Monetary Policy Report Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. -
January 16, 2024
Operational Details for Government Purchases of Canada Mortgage Bonds
In the 2023 Fall Economic Statement, the Canadian government announced its intention to purchase Canada Mortgage Bonds (CMBs), beginning in 2024, up to an annual maximum of $30 billion while ensuring that the pace and volume of these purchases are appropriate for market conditions. -
January 15, 2024
Mapping out the implications of climate transition risk for the financial system
We develop a new analytical framework to understand the system-wide implications of climate transition risk. When applying this framework to Canadian data, we find that interconnections within the financial sector could amplify the direct effects of climate transition risk on financial entities. -
January 15, 2024
Flood risk and residential lending
We present key findings of a recent study that evaluates the credit risk that flooding poses to the residential lending activities of Canadian banks and credit unions. Results show that such risk currently appears modest but could become larger with climate change. -
January 15, 2024
The Bank of Canada releases the fourth quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations
On Monday, January 15, 2024, the Bank of Canada will release the fourth quarter issue of the Business Outlook Survey and the Canadian Survey of Consumer Expectations.