We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
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.
Deputy Governor Lawrence Schembri discusses central banks and the maintenance of financial stability.
2 May 2016 Bank of Canada designates Automated Clearing Settlement System under the Payment Clearing and Settlement ActThe Governor of the Bank of Canada has designated, effective 2 May 2016, the Automated Clearing Settlement System (ACSS) for oversight under the Payment Clearing and Settlement Act (PCSA) as a clearing and settlement system that has the potential to pose payments system risk.
Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.