Posts

• January 31, 2022

  CARR welcomes RBSL consultation on the potential cessation of CDOR

  The Canadian Alternative Reference Rate working group (CARR) welcomes the publication by the administrator of CDOR, Refinitiv Benchmark Services (UK) Limited (RBSL), of a consultation document on the potential permanent cessation of the Canadian Dollar Offered Rate (CDOR).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• January 31, 2022

  Research Update - January 2022

  This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.

  Content Type(s): Staff research, Research newsletters
• January 28, 2022

  The Globe and Mail

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with The Globe and Mail

  Content Type(s): Press, Media activities
• January 27, 2022

  Le Devoir

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with Le Devoir

  Content Type(s): Press, Media activities
• January 26, 2022

  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 appear both online and in print. For more information: theglobeandmail.com.

  Content Type(s): Press, Media advisories
• January 26, 2022

  Bank of Canada Media Interview – Le Devoir

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Le Devoir. The story will appear both online and in print. For more information: ledevoir.com.

  Content Type(s): Press, Media advisories

• On the Wedge Between the PPI and CPI Inflation Indicators

  Staff Working Paper 2022-5 Shang-Jin Wei, Yinxi Xie

  We find that the CPI and PPI inflation indexes co-moved strongly throughout the late 20th century, but their correlation has fallen substantially since the early 2000s. We offer a structural explanation for this divergence based on the growth of global supply chains since 2000. This finding offers a unique perspective for the future design of optimal monetary policy.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Inflation targets, International topics, Monetary policy JEL Code(s): E, E3, E31, E5, E52, E58, F, F1, F11, F12, F4, F41, F6, F62
• January 26, 2022

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 26, 2022

  Bank of Canada maintains policy rate, removes exceptional forward guidance

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %.

  Content Type(s): Press, Press releases
• January 26, 2022

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

  On Wednesday, January 26, 2022, 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.

  Content Type(s): Press, Media advisories