Press Releases

• August 6, 2024

  Bank of Canada publishes its 2025 schedule for policy interest rate announcements and other major publications

  Media Relations Ottawa, Ontario

  The Bank of Canada today published its 2025 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report.

  Content Type(s): Press, Press releases
• July 24, 2024

  Bank of Canada reduces policy rate by 25 basis points to 4½%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization.

  Content Type(s): Press, Press releases
• June 5, 2024

  Bank of Canada reduces policy rate by 25 basis points

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.

  Content Type(s): Press, Press releases
• May 21, 2024

  Bank of Canada Museum announces 2024 recipients of its Award for Excellence in Teaching Economics

  Media Relations Ottawa, Ontario

  The Bank of Canada Museum is honouring two outstanding educators for their exceptional work teaching students about the economy.

  Content Type(s): Press, Press releases
• May 6, 2024

  Bank of Canada updates progress on new $20 note

  Media Relations Ottawa, Ontario

  On the first anniversary of the coronation of His Majesty King Charles III, the Bank of Canada issued a progress update on designing a new $20 bank note.

  Content Type(s): Press, Press releases
• May 3, 2024

  The Bank of Canada releases its 2023 Annual Report and Report on Climate Risks

  Media Relations Ottawa, Ontario

  The Bank of Canada’s Annual Report for 2023 was tabled in the House of Commons yesterday. The Bank of Canada also released its second annual report outlining the risks that climate change poses to its mandate and operations.

  Content Type(s): Press, Press releases
• April 10, 2024

  Bank of Canada maintains policy rate, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.

  Content Type(s): Press, Press releases
• March 6, 2024

  Bank of Canada maintains policy rate, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.

  Content Type(s): Press, Press releases
• January 24, 2024

  Bank of Canada maintains policy rate, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.

  Content Type(s): Press, Press releases
• December 6, 2023

  Bank of Canada maintains policy rate, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

  Content Type(s): Press, Press releases