The Board of Directors of the Bank of Canada today announced that, pursuant to Section 6 of the Bank of Canada Act, Paul Jenkins has been appointed Senior Deputy Governor of the Bank for a seven-year term.
The Board of Directors of the Bank for International Settlements (BIS), based in Switzerland, announced today the appointment of Malcolm Knight as the new General Manager of the BIS, beginning in April 2003.
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 per cent.