July 27, 2023
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July 26, 2023
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on July 12, 2023.
Summary of Governing Council deliberations: Fixed announcement date of July 12, 2023
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Summary of deliberations
July 24, 2023
The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants.
Market Participants Survey—Second Quarter of 2023
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Publications,
Market Participants Survey
July 12, 2023
Monetary Policy Report Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.
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Speeches and appearances,
Opening statements
July 12, 2023
Bank of Canada raises policy rate 25 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.
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Press releases