January 30, 2020
Posts
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January 30, 2020
Monetary Policy and Financial Vulnerabilities
Deputy Governor Paul Beaudry discusses how financial vulnerabilities present a challenge for monetary policy. -
January 29, 2020
Bank of Canada launches public consultation for new $5 bank note
Minister of Finance Bill Morneau and Governor Stephen S. Poloz today announced that the Bank of Canada is launching public consultations to select an iconic Canadian to appear on the next $5 bank note. -
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Managing GDP Tail Risk
Models for macroeconomic forecasts do not usually take into account the risk of a crisis—that is, a sudden large decline in gross domestic product (GDP). However, policy-makers worry about such GDP tail risk because of its large social and economic costs. -
Social Learning and Monetary Policy at the Effective Lower Bound
This research develops a model in which the economy is directly influenced by how pessimistic or optimistic economic agents are about the future. The agents may hold different views and update them as new economic data become available. -
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January 27, 2020
Modification to the Operational Details for the Bank of Canada’s Primary Market Purchases of Canada Mortgage Bonds for Balance Sheet Management Purposes
The Bank of Canada (Bank) is announcing a modification to the operational details for its purchases of Canada Mortgage Bonds (CMB) for balance sheet management purposes. -
January 22, 2020
Monetary Policy Report Press Conference Opening Statement
Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. -
January 22, 2020
Bank of Canada maintains overnight rate target at 1 ¾ percent
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent.