Posts
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Chinese Monetary Policy and Text Analytics: Connecting Words and Deeds
What are the main drivers behind the monetary policy reaction function of the People’s Bank of China? -
Qualitative Field Research in Monetary Policy Making
Central banks conduct research involving in-depth interviews with external parties—but little is known about how this information affects monetary policy. We address this gap by analyzing open-ended interviews with senior central bank economic and policy staff who work closely with policy decision-makers. -
Using Payments Data to Nowcast Macroeconomic Variables During the Onset of COVID-19
We use retail payment data in conjunction with machine learning techniques to predict the effects of COVID-19 on the Canadian economy in near-real time. Our model yields a significant increase in macroeconomic prediction accuracy over a linear benchmark model. -
January 20, 2021
Bank of Canada Media Interview – Le Devoir
Governor Tiff Macklem gave an interview to Le Devoir. The story will be available in the newspaper and online: https://www.ledevoir.com/. -
January 20, 2021
Bank of Canada Media Interview – Bloomberg News
Governor Tiff Macklem will give an interview to Bloomberg News in Ottawa. It will be available online. For more information: https://www.bloomberg.com/canada. -
January 20, 2021
Monetary Policy Report Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. -
January 20, 2021
Bank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. -
January 20, 2021
Bank of Canada interest rate announcement and release of the Monetary Policy Report
On Wednesday, January 20, 2021, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision. -
January 20, 2021
Monetary Policy Report – January 2021
While a second wave of COVID-19 is hurting Canadians now, the economy should rebound strongly later in the year. The Bank is forecasting growth of around 4 percent this year and close to 5 percent in 2022.
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