March 27, 2002
Media Relations
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March 25, 2002
Canada's new $5 bank note launched on 27 March 2002
Canada's new $5 bank note will be launched Wednesday, 27 March, in Montréal.
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March 12, 2002
Bank of Canada Governor Reviews Canadian Monetary Policy Choices
In particular, the Governor discussed how the Bank of Canada aims to promote economic growth by means of a monetary policy symmetrically focused on a 2 per cent inflation target. "We pay equal attention to any significant movement away from 2 per cent - whether above or below," Mr. Dodge said. In contrast, the European Central Bank has an inflation-control ceiling of 2 per cent, he noted.
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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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