Press Conference: Monetary Policy Report – October 2024

Tiff Macklem, Carolyn Rogers
Ottawa, Ontario
October 23, 2024
Share this page on Facebook
Share this page on X
Share this page on X
Share this page on LinkedIn
Share this page on LinkedIn Share this page by email

Available as: Audio , Audio (with interpretation)

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

Monetary Policy Report—October 2024

Monetary policy has worked to reduce price pressures in the Canadian economy. Inflation is now around 2% and is expected to remain near the middle of the Bank of Canada’s control range of 1% to 3% over the projection.

Bank of Canada reduces policy rate by 50 basis points to 3¾%

The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.

Monetary Policy Report Press Conference Opening Statement

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