April 22, 2024
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April 10, 2024
Bank of Canada maintains policy rate, continues quantitative tightening
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%.
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Press,
Press releases
April 10, 2024
Monetary policy is working to reduce inflationary pressures and inflation is coming down, although it will take more time to see if this progress proves durable. The Bank projects that inflation will stay around 3% into the second quarter of 2024, ease below 2.5% in the second half of the year and return to target in 2025.
Monetary Policy Report – April 2024
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Publications,
Monetary Policy Report
April 10, 2024
Monetary Policy Report Press Conference Opening Statement
Opening statement
Tiff Macklem
Governor Tiff Macklem discusses the Monetary Policy Report and the key issues involved in the Governing Council’s deliberations about the policy rate decision.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
April 1, 2024
Business sentiment and sales growth expectations have stopped falling, according to firms responding to the Business Outlook Survey and the Business Leaders’ Pulse. But demand remains subdued, which is allowing price pressures and the labour market to ease. As a result, fewer firms than in the previous survey are planning unusually large or frequent price increases over the next 12 months.
Business Outlook Survey—First Quarter of 2024
Content Type(s):
Publications,
Business Outlook Survey