April 21, 2021
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April 21, 2021
Bank of Canada Media Interview – The Globe and Mail
Tiff Macklem, Governor of the Bank of Canada, gave an interview to The Globe and Mail. The story will be available in the newspaper and online: www.theglobeandmail.com. -
April 21, 2021
Bank of Canada Media Interview – CBC News
Tiff Macklem, Governor of the Bank of Canada, gave an interview to CBC News. The interview will be available today on The World at Six at 6 pm (ET), The National at 10 pm (ET) and on CBC.ca. -
April 21, 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. -
April 21, 2021
Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program
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. -
Potential output and the neutral rate in Canada: 2021 update
We expect potential output growth to be higher than in the October 2020 reassessment. By 2024, growth will be slightly above its average growth from 2010 to 2019. We assess that the Canadian nominal neutral rate continues to lie in the range of 1.75 to 2.75 percent. -
April 21, 2021
Bank of Canada interest rate announcement and release of the Monetary Policy Report
On Wednesday, April 21, 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. -
Assessing global potential output growth and the US neutral rate: April 2021
We expect global potential output growth to rise to 3 percent by 2022. Relative to the last assessment in October 2020, potential output growth has been revised up across all the regions. The range of the US neutral rate remains unchanged relative to the autumn 2020 assessment. -
April 21, 2021
Monetary Policy Report – April 2021
As the economy recovers from the COVID-19 pandemic, the Bank is forecasting growth of around 6 ½ percent this year, slowing to about 3 ¾ percent in 2022 and 3 ¼ percent in 2023. -
April 19, 2021
Operational details for upcoming secondary market purchases of Government of Canada securities (April 26-May 7)
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).
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