We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
21 January 2015 Release of the Monetary Policy ReportPress conference following the release of the Monetary Policy Report.
21 January 2015 Bank of Canada lowers overnight rate target to 3/4 per centThe Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.
21 January 2015 Monetary Policy Report - January 2015Economic growth in Canada is expected to average 2.1 per cent in 2015 and 2.4 per cent in 2016, with a return to full capacity around the end of 2016.
Deputy Governor Timothy Lane discusses the causes of the recent drop in oil prices and its effects on the global and Canadian economies.
Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.