December 7, 2022 Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. Content Type(s): Press, Press releases
December 7, 2022 Bank of Canada Interest Rate Announcement On Wednesday, December 7, 2022, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. Content Type(s): Press, Media advisories
November 30, 2022 Accessibility feedback We strive to be accessible to everyone, so let us know how we’re doing. Share your feedback with us, and learn about how that feedback will be used.
November 30, 2022 2023–25 Accessibility Plan At the Bank of Canada, we recognize that accessibility is an ongoing and central element of being an inclusive organization. That’s why the plan we’ve developed to continue improving our accessibility builds on our inclusive mindset and practices.
November 30, 2022 Research Update - November 2022 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
November 29, 2022 CFIF Meeting (November 29, 2022) Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
November 29, 2022 Quarterly Financial Report - Third Quarter 2022 Quarterly Financial Report - Third Quarter 2022 - For the period ended September 30, 2022 Content Type(s): Publications, Quarterly Financial Report
November 29, 2022 Accessibility The Bank’s Accessibility Plan shares how we strive to be accessible to everyone. Let us know how we’re doing—share your feedback online, by telephone, by email, or by mail.
Regulatory Requirements of Banks and Arbitrage in the Post-Crisis Federal Funds Market Staff Working Paper 2022-48 Rodney J. Garratt, Sofia Priazhkina This paper explains the nature of interest rates in the U.S. federal funds market after the 2007-09 financial crisis. We build a model of the over-the-counter lending market that incorporates new aspects of the financial system: abundance of liquidity, different regulatory standards for banks, and arbitrage opportunities created by limited access to the facility granting interest on excess reserves. Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Economic models, Financial institutions, Financial markets, Financial stability, Financial system regulation and policies, Wholesale funding JEL Code(s): E, E4, E42, E5, E58, G, G2, G28