We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
19 October 2016 Monetary Policy Report Press Conference Opening StatementGovernor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.
19 October 2016 Bank of Canada maintains overnight rate target at 1/2 per centThe 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.
19 October 2016 Monetary Policy Report - October 2016Growth in the Canadian economy is expected to increase from 1.1 per cent this year to about 2.0 per cent in 2017 and 2018.
8 September 2016
Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.