Posts
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January 29, 2025
Bloomberg News
Tiff Macklem, Governor of the Bank of Canada
Interview with Bloomberg News -
January 29, 2025
Bank of Canada announces an adjustment to the deposit rate and some changes to terms and conditions for Overnight Reverse Repo Operations
The Bank announced it is making an adjustment to the deposit rate. Effective January 30, the deposit rate will be set at a spread of 5bps below the Bank’s policy interest rate. -
January 29, 2025
Bank of Canada provides operational details for restarting asset purchases to end quantitative tightening
Today, the Bank of Canada is announcing its plan to complete its balance sheet normalization, ending quantitative tightening. -
January 29, 2025
Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%. -
January 29, 2025
Monetary Policy Report—January 2025
Economic growth has ticked up in Canada, boosted by past cuts in interest rates. In the absence of new tariffs, growth is forecast to strengthen, and inflation remains close to 2%. But the threat of new tariffs is causing major uncertainty. -
January 29, 2025
Monetary Policy Report—January 2025—Projections
Economic growth in Canada is expected to pick up, supported by past interest rate cuts, and inflation is projected to remain close to the 2% target. -
January 29, 2025
Monetary Policy Report—January 2025—Global economy
Global economic growth remains near 3%, and headline inflation is close to central bank targets in many countries. However, uncertainty has increased amid political and trade tensions. The outlook does not incorporate new tariffs threatened by the United States. -
January 29, 2025
Monetary Policy Report—January 2025—Canadian economy—Outlook
Economic growth in Canada is projected to rise to around 1.8% in 2025 and 2026, outpacing potential output, and excess supply is gradually absorbed. Inflation is expected to remain close to the Bank of Canada’s 2% target. -
January 29, 2025
Monetary Policy Report—January 2025—Canadian economy—Current conditions
Inflation remains close to 2%, and past cuts in interest rates are boosting economic growth in Canada. At the same time, the threat of wide-ranging tariffs by the new US administration has increased uncertainty.