October 22, 2014 Notice: Press Conference Cancelled In light of this morning’s incident in downtown Ottawa, the Bank of Canada is cancelling its press conference on the October Monetary Policy Report. The Governor’s Opening Statement will be published on the Bank’s website at 11:15 AM today. We will provide more details as soon as they become available. Content Type(s): Press, Announcements
October 22, 2014 Bank of Canada maintains overnight rate target at 1 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Content Type(s): Press, Press releases
October 22, 2014 Monetary Policy Report – October 2014 Real GDP growth is projected to average around 2 1/2 per cent over the next year before slowing to around 2 per cent in 2016. Content Type(s): Publications, Monetary Policy Report
October 21, 2014 Operational Test of Standing Central Bank Swap Arrangements As part of an exercise to test the operational readiness of existing standing swap arrangements with other central banks, the Bank of Canada will conduct a small-value Canadian-dollar operation with the European Central Bank, drawing euros against Canadian dollars. Content Type(s): Press, Market notices
October 17, 2014 Weekly Financial Statistics - 17 October 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
October 10, 2014 Weekly Financial Statistics - 10 October 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
Integrating Uncertainty and Monetary Policy-Making: A Practitioner’s Perspective Staff Discussion Paper 2014-6 Stephen S. Poloz This paper discusses how central banking is evolving in light of recent experience, with particular emphasis on the incorporation of uncertainty into policy decision-making. Content Type(s): Staff research, Staff discussion papers Topic(s): Economic models, Financial stability, Monetary policy and uncertainty, Monetary policy communications, Monetary policy framework JEL Code(s): C, C5, C50, E, E3, E37, E5, E6, E61
October 10, 2014 Bank of Canada publishes a discussion paper authored by Governor Stephen S. Poloz Stephen S. Poloz, Governor of the Bank of Canada, has authored a discussion paper entitled “Integrating Uncertainty and Monetary Policy-Making: A Practitioner’s Perspective.” The paper explains how central bankers are supplementing economic models and adopting a risk-management approach to integrate uncertainty in their policy decisions. Content Type(s): Press, Announcements