Posts
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July 14, 2022
Webinar with Tiff Macklem, Governor of the Bank of Canada
On Thursday, July 14, 2022, Tiff Macklem, Governor of the Bank of Canada, will take part in a webinar hosted by the Canadian Federation of Independent Business (CFIB). The event is private, but a recording of the conversation will be published online at approximately 16:30. -
Cyber Risk and Security Investment
We develop a principal-agent model of cyber-attacking with fee-paying clients who delegate security decisions to financial platforms. We derive testable implications about clients’ vulnerability to cyber attacks and about the fees charged. -
Canadians’ Access to Cash Before and During the COVID-19 Pandemic
This paper studies Canadians’ access to cash using the geographical distribution of automated banking machines (ABMs). During the pandemic, there have been no sustained adverse effects on cash accessibility. -
July 13, 2022
Bank of Canada Media Interview – Financial Post
Tiff Macklem, Governor of the Bank of Canada, gave an interview to Kevin Carmichael of the Financial Post. The story will be available at https://business.financialpost.com/. -
July 13, 2022
Bank of Canada interest rate announcement and release of the Monetary Policy Report
On Wednesday, July 13, 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. -
July 13, 2022
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. -
July 13, 2022
Financial Post
Tiff Macklem, Governor of the Bank of Canada
Interview with The Financial Post -
July 13, 2022
Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%. -
July 13, 2022
Monetary Policy Report – July 2022
The Canadian economy is now clearly in excess demand, and inflation is high and broadening. The Bank is projecting inflation to decline to about 3% by the end of 2023, and to return to the 2% target by the end of 2024.