Monetary policy implementation - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T10:35:39+00:00An Initial Assessment of Changes to the Bank of Canada’s Framework for Market Operations
https://www.bankofcanada.ca/wp-content/uploads/2017/11/boc-review-autumn2017-mcrae.pdf
The Bank of Canada made changes to several of the tools that make up its framework for operations and liquidity provision. These changes came about after a comprehensive re-view of the framework and are designed to help the Bank better achieve its objectives of reinforcing the target for the overnight rate and supporting the well-functioning of Cana-dian financial markets under normal market conditions.2017-11-16T11:21:22+00:00enAn Initial Assessment of Changes to the Bank of Canada’s Framework for Market Operations2017-11-16Embracing Uncertainty in the Conduct of Monetary Policy
https://www.bankofcanada.ca/2017/11/embracing-uncertainty-conduct-monetary-policy/
Senior Deputy Governor Carolyn A. Wilkins explains how uncertainty is factored into monetary policy decisions.2017-11-15T18:45:01+00:00Embracing Uncertainty in the Conduct of Monetary Policy2017-11-15Carolyn A. WilkinsUnderstanding Inflation: Getting Back to Basics
https://www.bankofcanada.ca/2017/11/understanding-inflation-getting-back-to-basics/
Governor Stephen S. Poloz discusses how recent weak inflation in Canada and other economies can be explained by fundamental factors.2017-11-07T12:55:00+00:00Understanding Inflation: Getting Back to Basics2017-11-07Stephen S. PolozMonetary Policy Implementation in a Negative Rate Environment
https://www.bankofcanada.ca/2017/07/staff-working-paper-2017-25/
Monetary policy implementation could, in theory, be constrained by deeply negative rates since overnight market participants may have an incentive to invest in cash rather than lend to other participants.2017-07-13T11:10:32+00:00enMonetary Policy Implementation in a Negative Rate Environment2017-07-13Interest ratesMonetary policy frameworkMonetary policy implementationStaff Working Paper 2017-25https://www.bankofcanada.ca/wp-content/uploads/2017/07/swp2017-25.pdfMonetary Policy Implementation in a Negative Rate EnvironmentMichael BoutrosJonathan WitmerJuly 2017EE4E40E42E43GG0Monetary Policy Report Press Conference Opening Statement
https://www.bankofcanada.ca/2017/07/opening-statement-120717/
Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.2017-07-12T11:15:16+00:00Monetary Policy Report Press Conference Opening Statement2017-07-12Stephen S. PolozCarolyn A. WilkinsWhat Explains Month-End Funding Pressure in Canada?
https://www.bankofcanada.ca/2017/06/staff-discussion-paper-2017-9/
The Canadian overnight repo market persistently shows signs of latent funding pressure around month-end periods. Both the overnight repo rate and Bank of Canada liquidity provision tend to rise in these windows. This paper proposes three non-mutually exclusive hypotheses to explain this phenomenon.2017-06-13T11:10:19+00:00enWhat Explains Month-End Funding Pressure in Canada?2017-06-13Financial marketsInterest ratesMonetary policy frameworkMonetary policy implementationMonetary policy transmissionStaff Discussion Paper 2017-9https://www.bankofcanada.ca/wp-content/uploads/2017/06/sdp2017-9.pdfWhat Explains Month-End Funding Pressure in Canada?Christopher S. SutherlandJune 2017EE4E41E43E5E52E58FF3F36GG1G14G15G2G21Upgrading the Payments Grid: The Payoffs Are Greater Than You Think
https://www.bankofcanada.ca/2017/05/upgrading-the-payments-grid-the-payoffs-are-greater-than-you-think/
Deputy Governor Sylvain Leduc discusses how upgrading Canada’s core payment systems will contribute to financial stability and help the Bank keep inflation on target.2017-05-25T11:45:59+00:00Upgrading the Payments Grid: The Payoffs Are Greater Than You Think2017-05-25Sylvain LeducUnconventional Monetary Policy: The Perspective of a Small Open Economy
https://www.bankofcanada.ca/wp-content/uploads/2017/05/boc-review-spring17-fontaine.pdf
How do unconventional monetary policies like quantitative easing and negative interest rates affect domestic financial conditions and the broader economy in small open econo-mies, such as Canada? These policies are effective in depreciating the exchange rate in small open economies, while lower interest rates are also passed through to the economy, albeit only partially. When conventional monetary policy is close to its limits, fiscal policy may be a more important complement to monetary policy in a small economy, particularly if global demand for safe assets compresses long-term interest rates.2017-05-11T10:29:45+00:00enUnconventional Monetary Policy: The Perspective of a Small Open Economy2017-05-11