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January 23, 2002

Bank of Canada releases Monetary Policy Report Update

Media Relations

The Bank of Canada today released its Update to the November Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.

Content Type(s): Press, Press releases

January 23, 2002

Release of the Monetary Policy Report Update

Opening statement David Dodge

(English Version) Economic developments in Canada since the November Report, and the profile for growth outlined in the Update, suggest that the amount of slack in the economy through 2002 will likely be somewhat greater than assumed in November.

Content Type(s): Press, Speeches and appearances, Opening statements

January 23, 2002

Release of the Monetary Policy Report Update

Opening statement David Dodge

(Bilingual Version) Economic developments in Canada since the November Report, and the profile for growth outlined in the Update, suggest that the amount of slack in the economy through 2002 will likely be somewhat greater than assumed in November.

Content Type(s): Press, Speeches and appearances, Opening statements

January 15, 2002

Bank of Canada lowers key policy interest rate by 1/4 percentage point to 2 per cent

Media Relations Ottawa, Ontario

The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent.

Content Type(s): Press, Press releases

January 5, 2002

Inflation Targeting in Canada: Experience and Lessons

Remarks David Dodge Central Bank Governor's Panel on Inflation Targeting at a joint session of The American Economic Association and the North American Economics and Finance Association Atlanta, Georgia

In the 1970s and 1980s we found - in common with many other countries - that high and variable rates of inflation created a lot of economic damage. And it took a long time and a lot of work with various monetary policy frameworks before we got back on track.

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

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