Press

• December 11, 2024

  Bank of Canada reduces policy rate by 50 basis points to 3¼%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.

  Content Type(s): Press, Press releases
• December 11, 2024

  Bank of Canada Interest Rate Announcement

  On Wednesday, December 11, 2024, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision.

  Content Type(s): Press, Media advisories
• December 11, 2024

  Monetary Policy Decision 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 monetary policy decision.

  Content Type(s): Press, Speeches and appearances, Opening statements
• December 2, 2024

  Bank of Canada publishes applicants’ list of retail payment service providers

  Media Relations Ottawa, Ontario

  The Bank of Canada today published the list of companies that have applied to be registered under the Retail Payment Activities Act (RPAA).

  Content Type(s): Press, Press releases Topic(s): Retail payments supervision
• November 26, 2024

  Speech by Rhys Mendes, Deputy Governor of the Bank of Canada

  On Tuesday, November 26, 2024, Rhys Mendes, Deputy Governor of the Bank of Canada, will speak before the Greater Charlottetown Area Chamber of Commerce.

  Content Type(s): Press, Media advisories
• November 26, 2024

  Speech: Greater Charlottetown Area Chamber of Commerce

  

  

  Inflation at 2%: the role of monetary policy going forward — Deputy Governor Rhys Mendes speaks before the Greater Charlottetown Area Chamber of Commerce (8:20 (ET) approx.) .

  Content Type(s): Press, Speeches and appearances, Webcasts
• November 26, 2024

  Keeping inflation at 2%

  Speech summary Rhys R. Mendes Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  In his first public speech as a deputy governor, Rhys Mendes explains why higher interest rates were needed to get inflation back down to the 2% target and why we want it to stay there.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Credibility, Expectations, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy communications, Price stability
• November 26, 2024

  Sticking the landing: Keeping inflation at 2%

  Remarks Rhys R. Mendes Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  Deputy Governor Rhys Mendes discusses how monetary policy worked to bring inflation back down to target and why the Bank wants inflation to stay close to 2%.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Credibility, Expectations, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy communications, Price stability
• November 26, 2024

  Bank of Canada Media Interview – CBC Radio

  Rhys Mendes, Deputy Governor of the Bank of Canada, was interviewed on CBC’s radio show Island Morning.

  Content Type(s): Press, Media advisories
• November 25, 2024

  Bank of Canada announces finalists for the tenth annual Governor’s Challenge

  Media Relations Ottawa, Ontario

  The Bank of Canada has announced the six finalist teams in the 2024-25 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge