Uncategorized

• February 2, 2022

  A Canadian interest rate benchmark regime for the future

  Remarks (delivered virtually) Toni Gravelle International Swaps and Derivatives Association New York, New York

  Deputy Governor Toni Gravelle discusses some important changes that may be coming to Canada’s interest rate benchmarks.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Debt management, Financial markets, Financial system regulation and policies, Interest rates, Market structure and pricing
• January 31, 2022

  CARR welcomes RBSL consultation on the potential cessation of CDOR

  The Canadian Alternative Reference Rate working group (CARR) welcomes the publication by the administrator of CDOR, Refinitiv Benchmark Services (UK) Limited (RBSL), of a consultation document on the potential permanent cessation of the Canadian Dollar Offered Rate (CDOR).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• January 31, 2022

  Research Update - January 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

• On the Wedge Between the PPI and CPI Inflation Indicators

  Staff Working Paper 2022-5 Shang-Jin Wei, Yinxi Xie

  We find that the CPI and PPI inflation indexes co-moved strongly throughout the late 20th century, but their correlation has fallen substantially since the early 2000s. We offer a structural explanation for this divergence based on the growth of global supply chains since 2000. This finding offers a unique perspective for the future design of optimal monetary policy.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Inflation and prices, Inflation targets, International topics, Monetary policy JEL Code(s): E, E3, E31, E5, E52, E58, F, F1, F11, F12, F4, F41, F6, F62
• January 26, 2022

  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 26, 2022

  Bank of Canada maintains policy rate, removes exceptional forward guidance

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %.

  Content Type(s): Press, Press releases
• January 26, 2022

  Monetary Policy Report – January 2022

  

  The Canadian economy entered 2022 in a strong position. The Bank is forecasting growth of 4% in 2022 and about 3½ % in 2023.

  Content Type(s): Publications, Monetary Policy Report
• January 25, 2022

  CFEC Releases Results of October 2021 Foreign Exchange Volume Survey

  The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2021 semi-annual survey of foreign exchange volumes in Canada.

  Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
• January 24, 2022

  Operational details for upcoming secondary market purchases of Government of Canada securities (January 31-February 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
• January 18, 2022

  CARR Meeting (January 18, 2022)

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