Uncategorized

• May 12, 2023

  Rhys Mendes appointed as Deputy Governor of the Bank of Canada

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of Rhys R. Mendes as Deputy Governor, effective July 17, 2023.

  Content Type(s): Press, Press releases

• Potential output and the neutral rate in Canada: 2023 assessment

  Staff Analytical Note 2023-6 Julien Champagne, Christopher Hajzler, Dmitry Matveev, Harlee Melinchuk, Antoine Poulin-Moore, Galip Kemal Ozhan, Youngmin Park, Temel Taskin

  We expect that potential output growth will rebound from 1.4% in 2022 to 2.2% on average between 2023 and 2026. We revised down our estimates of growth over 2022–25 relative to the April 2022 assessment. The Canadian nominal neutral rate remains unchanged—in the range of 2% to 3%.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Economic models, Interest rates, Labour markets, Monetary policy, Potential output, Productivity JEL Code(s): E, E2, E3, E4, E5
• May 9, 2023

  CFIF Meeting (May 9, 2023)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum

• Assessing global potential output growth and the US neutral rate: April 2023

  Staff Analytical Note 2023-5 Salma Ahmed, Aviel Avshalumov, Tania Chaar, Eshini Ekanayake, Helen Lao, Louis Poirier, Jenna Rolland-Mills, Argyn Toktamyssov, Lin Xiang

  We expect global potential output growth to increase from 2.5% in 2022 to 2.8% by 2026. Compared with the April 2022 staff assessment, global potential output growth is marginally slower. The current range for the US neutral rate is 2% to 3%, unchanged from the last annual assessment.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Interest rates, Monetary policy, Potential output, Productivity JEL Code(s): E, E1, E2, E4, E5, F, F0, O, O4
• May 8, 2023

  Bank of Canada Media Interview – La Presse

  Paul Beaudry, Deputy Governor of the Bank of Canada, gave an interview to Hélène Baril of La Presse on the launch of a public consultation on a potential digital dollar.

  Content Type(s): Press, Media advisories
• May 8, 2023

  Bank of Canada Media Interview – CBC News

  Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, gave an interview to Peter Armstrong of CBC News on the public consultations on a potential digital dollar.

  Content Type(s): Press, Media advisories
• May 8, 2023

  Backgrounder on removing the past sales growth question from the Business Outlook Survey

  In the first quarter of 2023, Bank staff removed the question on past sales growth from the BOS questionnaire. This backgrounder outlines the reasons for the change and discusses its implications.

  Content Type(s): Background materials
• May 8, 2023

  CBC News

  

  Carolyn Rogers, Senior Deputy Governor of the Bank of Canada
  Interview with CBC News

  Content Type(s): Press, Media activities
• May 8, 2023

  La Presse

  

  Paul Beaudry, Deputy Governor of the Bank of Canada
  Interview with La Presse

  Content Type(s): Press, Media activities
• May 8, 2023

  Bank of Canada launches public consultations on a digital dollar

  Media Relations Ottawa, Ontario

  The Bank of Canada is launching an online public consultation on the features that could be included in a digital Canadian dollar.

  Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech