News

• September 28, 2022

  Bank of Canada welcomes IMF report following transparency review

  Media Relations Ottawa, Ontario

  The Bank of Canada today welcomed the publication by the International Monetary Fund (IMF) of its final report summarizing its pilot review of the Bank’s transparency practices.

  Content Type(s): Press, Press releases
• September 20, 2022

  Anatomy of a pandemic: Applying old lessons and learning from new ones

  Speech summary Paul Beaudry University of Waterloo Faculty of Arts Distinguished Lecture in Economics Waterloo, Ontario

  Deputy Governor Paul Beaudry describes how the lessons learned from previous economic crises helped central bankers during the global COVID-19 pandemic. He also talks about how managing inflation expectations can help bring inflation back to target.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Expectations, Inflation and prices, Inflation targets, International topics, Labour markets, Monetary policy implementation, Recent economic and financial developments
• September 8, 2022

  Getting inflation back to normal

  Speech summary Carolyn Rogers Calgary Economic Development Calgary, Alberta

  Speaking a day after the Bank of Canada raised interest rates, Senior Deputy Governor Carolyn Rogers discusses where the economy stands and what the Bank is doing to get inflation back under control.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Domestic demand and components, Expectations, Inflation and prices, Interest rates
• September 7, 2022

  Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.

  Content Type(s): Press, Press releases
• September 1, 2022

  Bank of Canada launches the 2023 Fellowship Program awards

  The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2023 Fellowship and Governor’s awards.

  Content Type(s): Press, Announcements Source(s): Fellowship Program
• August 25, 2022

  Bank of Canada launches process to appoint new non-executive Deputy Governor

  Media Relations Ottawa, Ontario

  Further to the announcement that Deputy Governor Timothy Lane will be retiring from the Bank on September 16, the Board of Directors of the Bank has initiated a recruitment process to fill the vacancy on Governing Council.

  Content Type(s): Press, Press releases
• July 26, 2022

  Bank of Canada publishes 2023 schedule for interest rate announcements

  Media Relations Ottawa, Ontario

  The Bank of Canada today published its 2023 schedule for the release of its policy interest rate decisions and quarterly Monetary Policy Report.

  Content Type(s): Press, Press releases
• July 13, 2022

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

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

  Content Type(s): Press, Speeches and appearances, Opening statements
• July 13, 2022

  Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%.

  Content Type(s): Press, Press releases
• July 13, 2022

  Monetary Policy Report – July 2022

  

  The Canadian economy is now clearly in excess demand, and inflation is high and broadening. The Bank is projecting inflation to decline to about 3% by the end of 2023, and to return to the 2% target by the end of 2024.

  Content Type(s): Publications, Monetary Policy Report