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).
Tiff Macklem, Governor of the Bank of Canada, gave an interview to Radio-Canada. The interview will air Sunday on Les Coulisses du pouvoir at 11:00 AM (ET). Please check local listings or go to https://ici.radio-canada.ca/ for more information.
In a laboratory experiment, we ask participants to predict inflation using three different policy regimes: inflation targeting—with and without greater communication of the target—average inflation targeting and price level targeting. We use participants’ predictions to compare the level and stability of inflation under each regime.
On Wednesday, October 27, 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.