March 12, 2002
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March 5, 2002
Bank of Canada keeps target for the overnight rate at 2 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 1/4 per cent.
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February 20, 2002
Bank of Canada Governor reviews Canada's experience with inflation targets and a flexible exchange rate
In a speech to the Canadian Society of New York, Bank of Canada Governor David Dodge said today that Canada's monetary policy framework, based on an explicit inflation-control target and a flexible exchange rate, "has contributed importantly to putting the Canadian economy back on the right path to longer-term prosperity."
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January 29, 2002
Bank of Canada Governor reviews success of inflation targets
In a speech to the Saskatoon and District Chamber of Commerce, Bank of Canada Governor David Dodge said today that Canada's inflation-targeting system has led to many benefits for the Canadian economy. The Governor detailed those benefits, which were confirmed when the Bank and the Government of Canada renewed their inflation-control agreement last year.
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January 28, 2002
Bank of Canada Governor reviews key developments of last year
The Governor highlighted the global slowdown as the major economic challenge of the past year. But he said that there were also key changes within the Bank of Canada related to the implementation of monetary policy. In particular, he spoke of the success of the Bank's new system of eight fixed dates per year for announcing interest rate decisions. He also set out in detail the process that leads to those decisions.
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January 23, 2002
Bank of Canada releases Monetary Policy Report Update
The Bank of Canada today released its Update to the November Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.
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January 15, 2002
Bank of Canada lowers key policy interest rate by 1/4 percentage point to 2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent.
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November 27, 2001
Bank of Canada lowers key policy interest rate by 1/2 percentage point to 2 1/4 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate* by one-half of one percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent.
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November 7, 2001
Bank of Canada releases semi-annual Monetary Policy Report
The Bank of Canada today released its semi-annual Monetary Policy Report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.
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October 24, 2001
Bank of Canada Governor focuses on current and future economic challenges for Canada
As we all strive to come to terms with this tragedy and its implications, it is understandable that our immediate preoccupation is with near-term issues, he said. Nonetheless, it is "critically important that we maintain a sense of perspective - that we step back and look past current developments, focusing also on the longer-term trends in our economy and its potential."
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