Bank of Canada interest rate announcement and release of the Monetary Policy Report

OTTAWA – 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.

Time

10:00 (Eastern Time)

Lock-Up

At 07:00 (ET), journalists are invited to review the rate announcement press release and the MPR, under embargo, at the Bank’s head office in Ottawa. Please use the Bank of Canada Museum entrance, located at 30 Bank Street (corner of Bank and Wellington). Journalists are asked to bring photo ID and proof of full vaccination status.

For security reasons, journalists wishing to attend must confirm their presence by calling at 613-782-8782 before 17:00 (ET) on Monday, October 25, 2021. Those who have not registered will not be admitted to the lock-up.

Please note that the lock-up will take place under physical distancing and public-health guidelines. Therefore, attendance will be limited.

At 10:00 (ET), the lock-up ends and the embargo is lifted.

Media Briefing Session

At 08:30 (ET), senior Bank officers will provide background information and respond to questions on the content of the MPR to journalists in the lock-up. Information gathered at the session may be used freely in news reports and commentaries, provided it is not attributed to the Bank or its officers. Electronic recording is not permitted.

Distribution

The rate announcement press release and the Monetary Policy Report will be available at 10:00 (ET) on the Bank’s website.

Media Availability

At 11:00 (ET), Tiff Macklem, Governor of the Bank of Canada, will hold a press conference in the Bank of Canada’s auditorium. The opening statement will be available on the Bank’s website at 11:00 (ET).

For security reasons, journalists wishing to attend must confirm their presence by calling at 613-782-8782 before 17:00 (ET) on Monday, October 25, 2021. Journalists, camera operators and still photographers who have not registered will not be admitted to the press conference.

Please note that the event will take place under physical distancing and public-health guidelines. Therefore, attendance will be limited.

Please use the Bank of Canada Museum entrance, located at 30 Bank Street (corner of Bank and Wellington), and bring photo ID and proof of full vaccination status.

Broadcasters needing to set up equipment will be granted access beginning at 10:00 (ET).

Please note that journalists not attending the lock-up can register to dial in and ask questions. Journalists who would like to ask questions via teleconference should contact .

Webcast

Audio and video webcasts of the press conference will be accessible from the Bank’s website.

Note

For more information, please contact .

Content Type(s): Press, Media advisories

Related information

October 27, 2021

Monetary Policy Report - Press Conference (Webcasts) - October 2021

Release of the Monetary Policy Report - Press conference by Governor Tiff Macklem (11:00 (ET) approx.).