April 24, 2023 Global engagement in action The Bank of Canada’s international activities help it achieve its mandate. Exchanging information with international counterparts helps the Bank better understand developments in the global economy.
April 24, 2023 The Bank of Canada’s response to high inflation Throughout 2022, the Bank responded forcefully to high and rising inflation by undertaking the most rapid tightening cycle in Canada’s history.
April 24, 2023 Governor’s foreword Last year was tough for Canadians and challenging for the Bank of Canada. Inflation started the year at just under 5% and rose to 8% in June, before falling to just over 6% by the end of the year.