February 7, 2024 Summary of Governing Council deliberations: Fixed announcement date of January 24, 2024 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 24, 2024. Content Type(s): Publications, Summary of deliberations
February 7, 2024 Release of the Bank of Canada’s summary of deliberations On Wednesday, February 7, 2024, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on January 24, 2024. Content Type(s): Press, Media advisories
The Role of International Financial Integration in Monetary Policy Transmission Staff Working Paper 2024-3 Jing Cynthia Wu, Yinxi Xie, Ji Zhang We propose an open-economy New Keynesian model with financial integration that allows financial intermediaries to hold foreign long-term bonds. We study the implications of financial integration on monetary policy transmission. Among various aspects of financial integration, the bond duration plays a major role. These results hold for conventional and unconventional monetary policies. Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, International financial markets, Monetary policy transmission JEL Code(s): E, E4, E44, E5, E52, F, F3, F36, F4, F42
February 6, 2024 Bank of Canada Media Interview – Le Devoir Tiff Macklem, Governor of the Bank of Canada, gave an interview to Le Devoir. Content Type(s): Press, Media advisories
February 6, 2024 Bank of Canada Media Interview – The Logic Tiff Macklem, Governor of the Bank of Canada, gave an interview to The Logic. Content Type(s): Press, Media advisories
February 6, 2024 Speech by Tiff Macklem, Governor of the Bank of Canada On Tuesday, February 6, 2024, Tiff Macklem, Governor of the Bank of Canada, will speak before the Montreal Council on Foreign Relations (CORIM). Content Type(s): Press, Media advisories
February 6, 2024 Monetary policy: It’s perfectly imperfect Speech summary Tiff Macklem Montreal Council on Foreign Relations Montréal, Quebec 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 Topic(s): Housing, Inflation targets, Inflation: costs and benefits, Interest rates, Monetary policy, Monetary policy implementation, Monetary policy transmission, Price stability, Productivity