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Tiff Macklem, Governor of the Bank of Canada, gave an interview to TVA Nouvelles’ Olivier Ferron-Boissé.

The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.

On Wednesday, June 5, 2024, 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.

Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision.

On Thursday, May 30, 2024, Ron Morrow, Executive Director of Payments, Supervision and Oversight at the Bank of Canada, will speak at The Payments Canada SUMMIT.

Executive Director of Payments, Supervision and Oversight Ron Morrow talks about how payments have evolved in Canada and why it’s important to modernize our payment infrastructure.

Ron Morrow, Executive Director of Payments, Supervision and Oversight, talks about the evolution of payments in Canada, as well as the Bank’s new supervisory role for payment service providers.

We study how the interaction of market power and nominal price rigidity influences inflation dynamics. We find that pass-through declines with price stickiness when markets are concentrated, which implies a lower slope of the New Keynesian Phillips curve.