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April 10, 2024

Monetary Policy Report – April 2024

Monetary Policy Report – April
Monetary policy is working to reduce inflationary pressures and inflation is coming down, although it will take more time to see if this progress proves durable. The Bank projects that inflation will stay around 3% into the second quarter of 2024, ease below 2.5% in the second half of the year and return to target in 2025.

Joel Rodrigue

Joel Rodrigue is a Senior Research Officer at the Bank of Canada and an Associate Professor of Economics at Vanderbilt University.

Lu Han

Lu Han is a Senior Economist in the International Economic Analysis Department.
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