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

Opening Statement Stephen S. Poloz Ottawa, Ontario
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.
Content Type(s): Press, Speeches
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

COVID-19: Actions to Support the Economy and Financial System

Learn about the economic impact of the COVID-19 pandemic and the Bank’s actions to support the Canadian economy and financial system.
Content Type(s): Press, Announcements
March 24, 2020

Statement of G7 Finance Ministers and Central Bank Governors

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).
Content Type(s): Press, Announcements
March 23, 2020

2020 Fellowship Program Award Recipients

Learn about the 2020 recipients of the Fellowship and Governor’s Awards.
Content Type(s): Press, Announcements

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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.


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