Press Conference: Policy Rate Announcement – December 2024

Tiff Macklem, Carolyn Rogers
Ottawa, Ontario
December 11, 2024
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Available as: Audio , Audio (with interpretation)

Interest Rate Announcement — Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers (10:30 (ET) approx.).

Content Type(s): Press, Speeches and appearances, Webcasts

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

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%.

Monetary Policy Decision Press Conference Opening Statement

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