Uncategorized
-
-
April 22, 2009
Monetary Policy Report – April 2009
In an environment of continued high uncertainty, the global recession has intensified and become more synchronous since the Bank’s January Monetary Policy Report Update, with weaker-than-expected activity in all major economies.
Errata: The source for Chart 1 (on page 3) is Global Insight, not the Bank of Canada. As well, in chart 15 (on page18), the base year for the exchange rate index CERI excluding the U.S. dollar should read 1992=100, not 1997=100.
-
April 21, 2009
Operating Framework for the Implementation of Monetary Policy at the Effective Lower Bound for the Overnight Interest Rate
The Bank is setting an effective lower bound (ELB) of 25 basis points on the overnight interest rate in order to preserve the effective functioning of markets in a low interest rate environment. -
April 21, 2009
Overnight Standing Purchase and Resale Agreement (PRA) Facility
The Bank makes this standing facility available to Primary Dealers on an overnight basis at the upper limit of the operating band (Bank Rate). -
April 21, 2009
Results of the 21 April 2009 Term PRA Transaction for Private Sector Instruments
Results of today's term PRA operations. -
April 21, 2009
Bank of Canada lowers overnight rate target by 1/4 percentage point to 1/4 per cent and, conditional on the inflation outlook, commits to hold current policy rate until the end of the second quarter of 2010
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 1/4 per cent, which the Bank judges to be the effective lower bound for that rate. -
April 21, 2009
Bank of Canada Announces New Schedule for the Bank of Canada Regular Term PRA Facility Commencing the Week of 27 April 2009
In accordance with today’s announcement by the Bank of Canada to reinforce its conditional commitment to maintain the overnight rate at 1/4 per cent. -
April 20, 2009
Results of the 20 April 2009 Term PRA Transaction
Results of today's term PRA operations. -
April 17, 2009
Bank of Canada Announces Details of its Term PRA for Private Sector Instruments Operation
In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector instruments announced on 6 March, the Bank of Canada announced today that it will conduct a 29-day term PRA operation for private sector instruments. -
April 17, 2009
Bank of Canada Announces Details of its Term PRA Operation
In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 6 March, the Bank of Canada announced today that it will conduct a 29-day term PRA operation.