Media Relations - Bank of Canada

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October 13, 2023

Bank of Canada designates additional prominent payment systems

Media Relations Ottawa, Ontario

Bank of Canada Governor Tiff Macklem has designated Visa Inc.’s VisaNet, Mastercard International Inc.’s Global Clearing Management System and Single Message System, and Interac Corp.’s Inter-Member Network as prominent payment systems under the Payment Clearing and Settlement Act, effective October 16, 2023.

Content Type(s): Press, Press releases

September 6, 2023

Bank of Canada maintains policy rate, continues quantitative tightening

Media Relations Ottawa, Ontario

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%. The Bank is also continuing its policy of quantitative tightening.

Content Type(s): Press, Press releases

July 27, 2023

Bank of Canada publishes its 2024 schedule for policy interest rate announcements and other major publications

Media Relations Ottawa, Ontario

The Bank of Canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year.

Content Type(s): Press, Press releases

July 12, 2023

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

Media Relations Ottawa, Ontario

The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.

Content Type(s): Press, Press releases

June 7, 2023

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

Media Relations Ottawa, Ontario

The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%.

Content Type(s): Press, Press releases