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April 24, 2024
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on April 10, 2024.
Summary of Governing Council deliberations: Fixed announcement date of April 10, 2024
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Summary of deliberations
April 22, 2024
The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants.
Market Participants Survey—First Quarter of 2024
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Publications,
Market Participants Survey
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 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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Monetary Policy Report