Monetary Policy Report

• October 23, 2024

  Monetary Policy Report—October 2024

  

  Monetary policy has worked to reduce price pressures in the Canadian economy. Inflation is now around 2% and is expected to remain near the middle of the Bank of Canada’s control range of 1% to 3% over the projection.

  Content Type(s): Publications, Monetary Policy Report
• July 24, 2024

  Monetary Policy Report—July 2024

  

  Monetary policy is working to reduce price pressures in the Canadian economy. Core inflation is expected to ease gradually, while the path of CPI inflation will be bumpy. Inflation returns sustainably to the 2% target in the second half of 2025.

  Content Type(s): Publications, Monetary Policy Report
• April 10, 2024

  Monetary Policy Report – April 2024

  

  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.

  Content Type(s): Publications, Monetary Policy Report
• January 24, 2024

  Monetary Policy Report – January 2024

  

  Interest rates are working to moderate spending and inflation is easing gradually, though underlying pressures are proving persistent. The Bank projects that inflation will stay around 3% through the first half of 2024, returning to target in 2025.

  Content Type(s): Publications, Monetary Policy Report