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Learn about how we’re exploring the possibility of issuing a digital form of the Canadian dollar, also known as a central bank digital currency (CBDC).
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Interest rates are working to moderate spending and inflation is easing gradually, though underlying pressures are proving persistent. The Bank projects that inflation will stay around 3% through the first half of 2024, returning to target in 2025.
The effectiveness and the limitations of monetary policy — Governor Tiff Macklem speaks before the Montreal Council on Foreign Relations (CORIM) (13:00 (ET) approx.).
These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.