Deputy Governor Sylvain Leduc discusses the issues that led Governing Council to hold the policy interest rate at 1.25 per cent in their May 30 decision.
The Bank of Canada today maintained its target for the overnight rate at 1¼ per cent. The Bank Rate is correspondingly 1½ per cent and the deposit rate is 1 per cent.
Deputy Governor Lawrence Schembri discusses the importance of potential output to monetary policy, as well as policy challenges and opportunities in a world of low potential output growth.
Chief Operating Office Filipe Dinis outlines how the Bank is strengthening its cyber defenses and helping improve the financial system’s cyber resilience and its ability to recover quickly from attacks.
Elevated household debts make the Canadian economy more vulnerable to events that could affect growth and financial stability, and the Bank of Canada’s cautious approach to monetary policy is helping manage the risks, Governor Stephen S. Poloz said today. In a speech to the Yellowknife Chamber of Commerce, Governor Poloz said that high household debt […]