Inflation targets - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T23:00:30+00:00Monetary policy: It’s perfectly imperfect
https://www.bankofcanada.ca/2024/02/monetary-policy-perfectly-imperfect/
Governor Tiff Macklem speaks about the effectiveness—and limitations—of monetary policy. He highlights how raising and lowering the policy interest rate ultimately keeps inflation low, stable and predictable, despite significant shocks to the economy.2024-02-06T12:45:49+00:00Monetary policy: It’s perfectly imperfect2024-02-06Tiff MacklemMonetary policy: The right tool for the right job
https://www.bankofcanada.ca/2024/02/monetary-policy-right-tool-right-job/
Governor Tiff Macklem discusses how monetary policy is working to bring inflation down—and how it has worked to return inflation to target over the last 25 years. He also talks about the limits of monetary policy, and why the right focus is on controlling inflation in the medium term.2024-02-06T12:45:32+00:00Monetary policy: The right tool for the right job2024-02-06Tiff MacklemCommunicating Inflation Uncertainty and Household Expectations
https://www.bankofcanada.ca/2023/12/staff-working-paper-2023-63/
We examine the value of direct communication to households about inflation and the uncertainty around inflation statistics. All types of information about inflation are effective at immediately managing inflation expectations, with information about outlooks being more effective and relevant than that about recent inflation and Bank targets.2023-12-29T10:57:58+00:00enCommunicating Inflation Uncertainty and Household Expectations2023-12-29Central bank researchCredibilityInflation and pricesInflation targetsMonetary policy and uncertaintyMonetary policy communicationsStaff Working Paper 2023-63https://www.bankofcanada.ca/wp-content/uploads/2023/12/swp2023-63.pdfCommunicating Inflation Uncertainty and Household ExpectationsOlena KostyshynaLuba PetersenDecember 2023CC9C93DD8D84EE5E59E7How higher interest rates affect inflation
https://www.bankofcanada.ca/2023/12/how-higher-interest-rates-affect-inflation/
When the Bank of Canada changes its policy interest rate, it affects every part of the economy – but that does not happen all at once. Learn more about how raising and lowering interest rates takes effect through the monetary policy transmission mechanism.2023-12-21T11:00:28+00:00enHow higher interest rates affect inflation2023-12-21Staying the course
https://www.bankofcanada.ca/2023/09/staying-the-course-2/
Speaking a day after we decided to maintain the policy interest rate at 5%, Governor Tiff Macklem explores some key factors behind the decision. He also explains why the 2% inflation target supports a stable economy and greater prosperity for households and businesses.2023-09-07T16:15:52+00:00Staying the course2023-09-07Tiff MacklemEconomic progress report: Target in sight, but we’re not there yet
https://www.bankofcanada.ca/2023/09/economic-progress-report-target-in-sight-but-were-not-there-yet/
Bank of Canada Governor Tiff Macklem talks about the Bank’s latest interest rate announcement and what’s happening with inflation beyond the headline numbers. He also discusses why the Bank’s 2% inflation target is the right one.2023-09-07T13:55:45+00:00Economic progress report: Target in sight, but we’re not there yet2023-09-07Tiff MacklemMonetary Policy Transmission, Bank Market Power, and Wholesale Funding Reliance
https://www.bankofcanada.ca/2023/06/staff-working-paper-2023-35/
I study how banking market concentration and reliance on wholesale funding affect monetary policy transmission to mortgage rates. I find that this transmission is imperfect and dampens the response of consumption, output, and housing prices.2023-06-12T11:44:39+00:00enMonetary Policy Transmission, Bank Market Power, and Wholesale Funding Reliance2023-06-12Financial institutionsInflation targetsMonetary policy transmissionWholesale fundingStaff Working Paper 2023-35https://www.bankofcanada.ca/wp-content/uploads/2023/06/swp2023-35.pdfMonetary Policy Transmission, Bank Market Power, and Wholesale Funding RelianceAmina EnkhboldJune 2023EE4E44E5E52GG2G21Economic progress report: Are we entering a new era of higher interest rates?
https://www.bankofcanada.ca/2023/06/entering-new-era-higher-interest-rates/
Deputy Governor Paul Beaudry discusses the latest interest rate decision and suggests reasons why longer-term interest rates could remain higher than they were before the pandemic.2023-06-08T15:10:56+00:00Economic progress report: Are we entering a new era of higher interest rates?2023-06-08Paul BeaudryAdjusting to higher interest rates
https://www.bankofcanada.ca/2023/06/adjusting-to-higher-interest-rates/
Speaking a day after we raised interest rates, Deputy Governor Paul Beaudry talks about what Governing Council considered in its decision. He also suggests reasons why long-term interest rates could remain higher than they were before the COVID-19 pandemic.2023-06-08T15:10:08+00:00Adjusting to higher interest rates2023-06-08Paul BeaudryGetting inflation back to 2%
https://www.bankofcanada.ca/2023/05/getting-inflation-back-to-2/
Governor Tiff Macklem explains that higher interest rates are working to slow inflation but warns that getting all the way back to the 2% target may take time. He also discusses the recent stress in the global banking sector and how financial stability and price stability work together.2023-05-04T17:58:32+00:00Getting inflation back to 2%2023-05-04Tiff Macklem