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    Our renewed monetary policy framework

    In 2021, we renewed Canada’s flexible inflation-targeting framework for 2022 to 2026.

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    The next bank NOTE-able Canadian

    The next bank NOTE-able Canadian

    See the short list of portrait candidates for the next $5 bank note.

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    The call for nominations is open until April 21, 2023.

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    Monetary Policy Report – January

    Monetary Policy Report – January 2023

    Inflation in Canada is still too high but has declined from its peak. As the effects of higher interest rates continue to spread through the economy, and with declines in energy prices and improved supply chains, inflation is projected to fall to around 3% in the middle of 2023 and reach the 2% target in 2024.

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    March 22, 2023
    Summary of Governing Council deliberations: Fixed announcement date of March 8, 2023
    March 20, 2023
    Bank of Canada announces the recipients of the 2023 Fellowship Program Awards
    March 19, 2023
    Coordinated Central Bank Action to Enhance the Provision of U.S. Dollar Liquidity
    March 13, 2023
    Law Enforcement Award of Excellence for Counterfeit Deterrence

    Speech: 21st National Bank Financial Services Conference

    Market liquidity measures taken during COVID — Deputy Governor Toni Gravelle speaks before the 21st National Bank Financial Services Conference (12:45 (ET) approx.).

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    Staff economic projections

    These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.

Subscribe to Inflation: costs and benefits
Inflation: costs and benefits

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  • August 13, 2020

    Understanding inflation

    Inflation is a persistent rise in the average level of prices over time.
    Content Type(s): Explainers Topic(s): Inflation and prices, Inflation: costs and benefits
  • March 6, 2020

    Under the microscope

    James (Jim) C. MacGee, Rhys R. Mendes
    Evaluating our approach to monetary policy
    Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Credibility, Inflation targets, Inflation: costs and benefits, Interest rates, Monetary policy framework, Price stability
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