News

• May 26, 2016

  Bank of Canada announces appointment of Advisor in New York Office

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the appointment of Sheryl King as Advisor to the Governor, effective 5 July 2016. Ms. King will represent the Bank in its New York Office.

  Content Type(s): Press, Press releases
• May 25, 2016

  Bank of Canada maintains overnight rate target at 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

  Content Type(s): Press, Press releases
• May 16, 2016

  Bank of Canada Review - Spring 2016

  

  This 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.

  Content Type(s): Publications, Bank of Canada Review
• May 6, 2016

  Stress Prevention: Central Banks and Financial Stability

  Remarks Lawrence L. Schembri Joint Workshop: Bank of Canada, International Monetary Fund, Centre for International Governance Innovation, and Peterson Institute for International Economics Ottawa, Ontario

  Deputy Governor Lawrence Schembri discusses central banks and the maintenance of financial stability.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Credit and credit aggregates, Financial stability, Financial system regulation and policies, Monetary policy framework, Sectoral balance sheet
• May 2, 2016

  Bank of Canada designates Automated Clearing Settlement System under the Payment Clearing and Settlement Act

  Media Relations Ottawa, Ontario

  The 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.

  Content Type(s): Press, Press releases