July 28, 2005
Press
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July 14, 2005
Bank of Canada releases Monetary Policy Report Update
The Bank of Canada today released its July Monetary Policy Report Update, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. -
July 14, 2005
Release of the Monetary Policy Report Update
Global and Canadian economic developments have been unfolding broadly as expected, and the Bank's outlook for output and inflation in Canada through to the end of 2006 is little changed from the scenario outlined in the April Report. Strong growth in final domestic demand in Canada continues to offset the drag from net exports. -
July 12, 2005
Bank of Canada keeps target for the overnight rate at 2 1/2 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.