December 13, 2021 Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Monetary Policy Framework Media Relations Ottawa, Ontario The objective of Canada's monetary policy is to promote the economic and financial well-being of Canadians. Experience has shown that the best way monetary policy can achieve this goal is by maintaining a low and stable inflation environment. Doing so supports a strong and inclusive labour market that provides every Canadian with opportunities for a good quality of life. Content Type(s): Press, Press releases
December 13, 2021 Monetary Policy Framework Renewal (December 2021) Commentary and technical data relating to the 2021 renewal. Content Type(s): Background materials Topic(s): Inflation and prices, Monetary policy
December 13, 2021 Our renewed monetary policy framework Every five years, the Bank of Canada and the Government of Canada review and renew our agreement on Canada’s monetary policy framework. In 2021, we renewed Canada’s flexible inflation-targeting framework for 2022 to 2026.
December 9, 2021 Keeping our eyes on inflation Speech summary Toni Gravelle Surrey Board of Trade Surrey, British Columbia Deputy Governor Toni Gravelle talks about the Bank of Canada’s decision yesterday to leave the policy rate unchanged. He explains the link between supply bottlenecks and high inflation and why the Bank thinks both will ease over time. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Domestic demand and components, Inflation and prices, Inflation targets, Interest rates, Monetary policy and uncertainty, Recent economic and financial developments, Service sector
December 9, 2021 Economic progress report: A recovery unlike any other Remarks (delivered virtually) Toni Gravelle Surrey Board of Trade Surrey, British Columbia Deputy Governor Toni Gravelle provides an economic update and discusses the relationship between supply bottlenecks and inflation. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Coronavirus disease (COVID-19), Domestic demand and components, Inflation and prices, Inflation targets, Interest rates, Monetary policy and uncertainty, Recent economic and financial developments, Service sector
December 8, 2021 Bank of Canada maintains policy rate and forward guidance Media Relations Ottawa, Ontario The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. Content Type(s): Press, Press releases
December 6, 2021 Operational details for upcoming secondary market purchases of Government of Canada securities (December 13-24) As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program