June 9, 2022
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June 2, 2022
Navigating high inflation
On June 1, the Bank of Canada decided to increase its policy interest rate by half a percentage point. Speaking the next day, Deputy Governor Paul Beaudry explains why inflation has been higher than expected and what we are doing to get it back to our 2% target.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Credibility,
Expectations,
Inflation and prices,
Inflation targets,
Interest rates,
Monetary policy,
Monetary policy and uncertainty,
Monetary policy implementation,
Price stability,
Recent economic and financial developments
June 1, 2022
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%.
Content Type(s):
Press,
Press releases
May 12, 2022
How commodity prices affect our economy
Deputy Governor Toni Gravelle talks about the spike in commodity prices over the past two years, the impact on inflation and how the Bank of Canada is responding.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Coronavirus disease (COVID-19),
Domestic demand and components,
Exchange rates,
Expectations,
Inflation and prices,
Inflation: costs and benefits,
Interest rates,
International topics,
Labour markets,
Monetary policy,
Monetary policy and uncertainty,
Monetary policy communications,
Recent economic and financial developments
May 5, 2022
Supporting Indigenous prosperity
Speech summary
Lawrence L. Schembri
National Aboriginal Capital Corporations Association
Gatineau, Quebec
In his final speech before retiring from the Bank of Canada, Deputy Governor Lawrence Schembri talks about the Bank’s contribution to advancing economic inclusion and opportunity for Indigenous peoples.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Fiscal policy,
Monetary policy