We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
News
March 27, 2020
Press Conference Opening Statement – March 27, 2020
This unscheduled rate decision brings the policy rate to its effective lower bound, to provide support to the Canadian financial system and to the economy during the COVID-19 pandemic.
March 27, 2020
Bank of Canada lowers overnight rate target to ¼ percent
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy during the COVID-19 pandemic.
Content Type(s):
Press,
Press Releases
March 24, 2020
Learn about the economic impact of the COVID-19 pandemic and the Bank’s actions to support the Canadian economy and financial system.
COVID-19: Actions to Support the Economy and Financial System
Content Type(s):
Press,
Announcements
March 24, 2020
Consistent with the direction from G7 Leaders, we are taking action and enhancing coordination on our dynamic domestic and international policy efforts to respond to the global health, economic, and financial impacts associated with the spread of the coronavirus disease 2019 (COVID-19).
Statement of G7 Finance Ministers and Central Bank Governors
Content Type(s):
Press,
Announcements
March 23, 2020
Learn about the 2020 recipients of the Fellowship and Governor’s Awards.
2020 Fellowship Program Award Recipients
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Press,
Announcements
Canadian dollar
Schedule of Key Interest Rate Announcements and Monetary Policy Report
Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.
Upcoming Events
- April 6, 2020
Publication - Business Outlook Survey
- April 15, 2020
Press Conference - Monetary Policy Report
- May 14, 2020
Publication - Financial System Review
- May 14, 2020
Press Conference – Financial System Review