Monetary Policy Report – October 2014

October 22, 2014
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Available as: PDF

Real GDP growth is projected to average around 2 1/2 per cent over the next year before slowing to around 2 per cent in 2016.

MPR Summary - October 2014
Content Type(s): Publications, Monetary Policy Report

Release of the Monetary Policy Report

Opening statement of Press conference that was to follow the release of the Monetary Policy Report.

Bank of Canada maintains overnight rate target at 1 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.