Press

• January 29, 2025

  Bank of Canada Media Interview – Le Devoir

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Clémence Pavic of Le Devoir.

  Content Type(s): Press, Media advisories
• January 29, 2025

  Press Conference: Monetary Policy Report – January 2025

  

  

  Release of the Monetary Policy Report – Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (10:30 (ET) approx.).

  Content Type(s): Press, Speeches and appearances, Webcasts
• January 29, 2025

  Bank of Canada announces an adjustment to the deposit rate and some changes to terms and conditions for Overnight Reverse Repo Operations

  The Bank announced it is making an adjustment to the deposit rate. Effective January 30, the deposit rate will be set at a spread of 5bps below the Bank’s policy interest rate.

  Content Type(s): Press, Market notices Source(s): Overnight reverse repo operations
• January 29, 2025

  Bank of Canada provides operational details for restarting asset purchases to end quantitative tightening

  Today, the Bank of Canada is announcing its plan to complete its balance sheet normalization, ending quantitative tightening.

  Content Type(s): Press, Market notices Source(s): Term repo operations
• January 29, 2025

  Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.

  Content Type(s): Press, Press releases
• January 29, 2025

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses the Monetary Policy Report and the key issues involved in the Governing Council’s deliberations about the monetary policy decision.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 29, 2025

  Bank of Canada interest rate announcement and release of the Monetary Policy Report

  On Wednesday, January 29, 2025, 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. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision.

  Content Type(s): Press, Media advisories
• January 20, 2025

  The Bank of Canada releases the fourth quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations

  On Monday, January 20, 2025, the Bank of Canada will release the fourth quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations.

  Content Type(s): Press, Media advisories
• January 17, 2025

  Bank of Canada releases review of exceptional policy actions taken during the pandemic

  Media Relations Ottawa, Ontario

  The Bank of Canada’s exceptional policy actions during the COVID-19 pandemic provided important support for the economy during the unprecedented shock, says a review published today.

  Content Type(s): Press, Press releases
• January 17, 2025

  Release of the Bank of Canada’s review of exceptional pandemic measures

  On Friday, January 17, 2025, the Bank of Canada will publish its report on the exceptional policy actions undertaken in response to the COVID-19 pandemic. The documents will also include a review by an external panel of experts, and a response from the Bank’s Governing Council.

  Content Type(s): Press, Media advisories