March 6, 2024
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.
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result(s)
March 6, 2024
Monetary Policy Decision Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
March 6, 2024
Bank of Canada Interest Rate Announcement
On Wednesday, March 6, 2024, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision.
Content Type(s):
Press,
Media advisories
March 6, 2024
Reuters
Tiff Macklem, Governor of the Bank of Canada
Interview with Reuters
Content Type(s):
Press,
Media activities
February 14, 2024
Start date for the morning auction of Receiver General cash balances
The Bank of Canada (the “Bank”), in its role as fiscal agent for the Government of Canada, previously announced the government’s intention to reintroduce morning auctions of Receiver General (RG) cash balances. Today, the Bank is announcing that RG auctions will commence on February 21st, 2024, and be conducted daily at 9:15 am.
Content Type(s):
Press,
Market notices
February 8, 2024
Webpage for Government of Canada purchases of Canada Mortgage Bonds
The Bank of Canada is today launching a new webpage with details on the Government of Canada’s purchases of Canada Mortgage Bonds (CMBs).
Content Type(s):
Press,
Market notices
Source(s):
Canada Mortgage Bonds: Government purchases and holdings
February 6, 2024
Media Availability: Montreal Council on Foreign Relations (CORIM)
The effectiveness and the limitations of monetary policy — Governor Tiff Macklem takes questions from reporters following his remarks (14:10 (ET) approx.).
Content Type(s):
Press,
Speeches and appearances,
Webcasts
February 6, 2024
Speech: Montreal Council on Foreign Relations (CORIM)
The effectiveness and the limitations of monetary policy — Governor Tiff Macklem speaks before the Montreal Council on Foreign Relations (CORIM) (13:00 (ET) approx.).
Content Type(s):
Press,
Speeches and appearances,
Webcasts
February 6, 2024
Monetary policy: It’s perfectly imperfect
Governor Tiff Macklem speaks about the effectiveness—and limitations—of monetary policy. He highlights how raising and lowering the policy interest rate ultimately keeps inflation low, stable and predictable, despite significant shocks to the economy.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Subject(s):
Monetary policy,
Economy/Economic growth,
Inflation,
Inflation targeting framework
February 6, 2024
Monetary policy: The right tool for the right job
Governor Tiff Macklem discusses how monetary policy is working to bring inflation down—and how it has worked to return inflation to target over the last 25 years. He also talks about the limits of monetary policy, and why the right focus is on controlling inflation in the medium term.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Subject(s):
Monetary policy,
Economy/Economic growth,
Inflation,
Inflation targeting framework