June 24, 2024
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June 19, 2024
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 5, 2024.
Summary of Governing Council deliberations: Fixed announcement date of June 5, 2024
Content Type(s):
Publications,
Summary of deliberations
June 13, 2024
Reviewing our pandemic actions
Deputy Governor Sharon Kozicki talks about the importance of central bank transparency and accountability. She looks at the exceptional monetary policy measures the Bank of Canada used during the COVID-19 pandemic and analyzes their effectiveness.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Central bank research,
Coronavirus disease (COVID-19),
Credibility,
Economic models,
Financial stability,
Inflation and prices,
Inflation targets,
Interest rates,
Monetary policy,
Monetary policy and uncertainty,
Monetary policy communications,
Recent economic and financial developments
June 12, 2024
Central banking: Navigating in a new world
Remarks
Tiff Macklem
30th Conference of Montréal: International Economic Forum of the Americas
Montréal, Quebec
Governor Tiff Macklem looks back on the lessons learned from post-pandemic inflation and discusses the challenges ahead.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Coronavirus disease (COVID-19),
Inflation and prices,
Inflation: costs and benefits,
International topics,
Monetary policy
June 5, 2024
Bank of Canada reduces policy rate by 25 basis points
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.
Content Type(s):
Press,
Press releases