February 5, 1998
Uncategorized
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January 30, 1998
Bank Rate Raised to 5 Per Cent
The Bank of Canada today raised its Bank Rate by ½ of one percentage point to 5 per cent. -
January 29, 1998
Annual Report 1997
With inflation remaining low for the sixth consecutive year, the Canadian economy recorded a strong expansion of about 4 per cent through 1997. -
December 12, 1997
Bank Rate Raised to 4 1/2 Per Cent
The Bank of Canada today raised its Bank rate by ½ of one percentage point to 4 ½ per cent. -
Constraints on the Conduct of Canadian Monetary Policy in the 1990s: Dealing with Uncertainty in Financial Markets
Canada's economic performance in the first half of the 1990s was adversely affected by high premiums in interest rates that were brought on by political and economic uncertainties. -
December 1, 1997
What can monetary policy do to help the economy reach its full potential?
Today, we meet against a backdrop of some uncertainty in the international economy. I would like to begin my remarks with an assessment of what the recent financial and economic events in Asia could mean for Canada. -
November 25, 1997
Bank Rate Raised in Response to Persistent Weakness in the Canadian Dollar
The Bank of Canada today raised the Bank Rate by 1/4 of one percentage point to 4 per cent. The Bank's operating band for the overnight rate was similarly adjusted. -
November 20, 1997
Monetary Policy Report – November 1997
In the last half-year, the economic expansion in Canada has become well established, supported by low inflation, highly stimulative monetary conditions, and a strong U.S. economy. -
October 7, 1997
Challenges ahead for monetary policy
Today, I would like to talk about some of the important issues and challenges facing monetary policy in the period ahead and how the Bank of Canada proposes to deal with them. This is not an unusual topic for me since the business of central banking is seldom without challenges. But what a difference the past two years have made to the challenges we face! -
October 1, 1997
Bank Rate Raised by ¼ Percentage Point
The Bank of Canada today raised the Bank Rate and its operating band for the overnight rate by 1/4 of one percentage point.