July 13, 2022
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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July 13, 2022
Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%.
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Press,
Press releases
July 13, 2022
Monetary Policy Report – July 2022
The Canadian economy is now clearly in excess demand, and inflation is high and broadening. The Bank is projecting inflation to decline to about 3% by the end of 2023, and to return to the 2% target by the end of 2024.
Content Type(s):
Publications,
Monetary Policy Report
July 4, 2022
Household differences and why they matter
Differences in income, wealth and debt across households are important—for the economy, for the health of the financial system and for monetary policy.
Content Type(s):
Publications,
The Economy, Plain and Simple
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Central bank research,
Coronavirus disease (COVID-19),
Domestic demand and components,
Economic models,
Housing,
Inflation and prices,
Labour markets,
Monetary policy,
Monetary policy framework,
Recent economic and financial developments
July 4, 2022
Business Outlook Survey—Second Quarter of 2022
Results from the Business Outlook Survey for the second quarter of 2022, along with those from the April, May and June 2022 Business Leaders’ Pulse surveys, suggest that capacity pressures remain elevated and expectations of significant price increases continue to be widespread. Firms anticipate that sales growth will begin to moderate from exceptionally high rates as signs of greater uncertainty emerge.
Content Type(s):
Publications,
Business Outlook Survey