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 the appointment of Sheryl King as Advisor to the Governor, effective 5 July 2016. Ms. King will represent the Bank in its New York Office.
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
16 May 2016 Bank of Canada Review - Spring 2016This issue focuses on the upcoming renewal of Canada’s inflation-control target. Bank researchers discuss the estimate of the lower bound to policy interest rates in Canada. They also discuss downward nominal wage rigidity and whether its presence warrants considering a higher inflation target. The third article highlights the experience some international central banks have had with unconventional monetary policies. The final article describes monetary policy frameworks in 10 advanced economies.
Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.