March 9, 2020
Bank of Canada announces members of Advisory Council for next $5 bank note
The independent Advisory Council will develop a short list of iconic Canadians who could be featured on the next bank note.
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March 6, 2020
Evaluating our approach to monetary policy
Inflation targeting has been successful in Canada over the past 30 years. But is it the best we can do? The Bank of Canada asks itself, and Canadians, that question every five years.
Content Type(s):
Publications,
The Economy, Plain and Simple
Topic(s):
Credibility,
Inflation targets,
Inflation: costs and benefits,
Interest rates,
Monetary policy framework,
Price stability
March 5, 2020
Labour market is key to Canada’s resilience
Governor Stephen S. Poloz talks about how the labour market is a key source of resilience for Canada’s economy and reviews the Bank of Canada’s decision to lower interest rates.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Coronavirus disease (COVID-19),
Interest rates,
Labour markets,
Monetary policy,
Recent economic and financial developments
March 4, 2020
Bank of Canada lowers overnight rate target to 1 ¼ percent
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is 1 percent.
Content Type(s):
Press,
Press releases
March 3, 2020
Statement of G7 Finance Ministers and Central Bank Governors
We, G7 Finance Ministers and Central Bank Governors, are closely monitoring the spread of the coronavirus disease 2019 (COVID-19) and its impact on markets and economic conditions.
Content Type(s):
Press,
Press releases