We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.
24 February 2015 Lessons New and Old: Reinventing Central BankingGovernor Stephen S. Poloz discusses the need to integrate financial stability concerns with inflation control in conducting monetary policy after the financial crisis.
19 February 2015 Inflation, Expectations and Monetary PolicyDeputy Governor Agathe Côté discusses the importance of inflation expectations for monetary policy and a new survey the Bank of Canada created to monitor household expectations.
25 February 2015
Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.