Uncategorized

• March 2, 2022

  Bank of Canada increases policy interest rate

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %.

  Content Type(s): Press, Press releases
• February 28, 2022

  Research Update - February 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.

  Content Type(s): Staff research, Research newsletters

• The Impact of Globalization and Digitalization on the Phillips Curve

  Staff Working Paper 2022-7 Christian Friedrich, Peter Selcuk

  Globalization is in retreat, yet digitalization is on the rise. How will these trends impact inflation?

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Inflation and prices, International topics, Labour markets, Recent economic and financial developments, Trade integration JEL Code(s): E, E3, E31, E32, F, F6

• A Horse Race of Alternative Monetary Policy Regimes Under Bounded Rationality

  Staff Discussion Paper 2022-4 Joel Wagner, Tudor Schlanger, Yang Zhang

  We introduce bounded rationality in a canonical New Keynesian model calibrated to match Canadian macroeconomic data since Canada’s adoption of inflation targeting. We use the model to quantitatively assess the macroeconomic impact of alternative monetary policy regimes.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Central bank research, Economic models, Monetary policy framework, Monetary policy transmission JEL Code(s): E, E2, E27, E3, E4, E5, E52, E58
• February 22, 2022

  Bank of Canada announces 2021-2022 scholarship recipients

  Media Relations Ottawa, Ontario

  The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards  for students with disabilities, Indigenous students and students who identify as a woman or as a member of a visible minority or racialized group.

  Content Type(s): Press, Press releases Source(s): Scholarship awards
• February 18, 2022

  Operational details for upcoming secondary market purchases of Government of Canada securities (February 28-March 11)

  As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).

  Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
• February 18, 2022

  Deputy Governor Lawrence Schembri to Retire from the Bank of Canada

  Media Relations Ottawa, Ontario

  The Bank of Canada announced today that Deputy Governor Lawrence L. Schembri will retire on June 17, 2022.

  Content Type(s): Press, Press releases
• February 17, 2022

  CFIF Meeting (February 17, 2022)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
• February 16, 2022

  Expecting the unexpected: Central bank decision making in turbulent times

  Remarks (delivered virtually) Timothy Lane School of Public Policy, University of Calgary Calgary, Alberta

  Bank of Canada Deputy Governor Tim Lane discusses how the Bank responds to uncertainty in turbulent times.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Coronavirus disease (COVID-19), Monetary policy and uncertainty
• February 16, 2022

  Navigating uncharted territory

  Speech summary Timothy Lane School of Public Policy, University of Calgary Calgary, Alberta

  Deputy Governor Tim Lane discusses how the Bank of Canada approached decision making during the unprecedented upheaval brought on by the COVID‑19 pandemic.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Monetary policy and uncertainty