Posts
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December 23, 2025
Publication: Summary of Deliberations
13:30 (ET)
A summary of monetary policy deliberations by the Governing Council for the policy decision that was announced two weeks earlier. -
December 23, 2025
Release of the Bank of Canada’s summary of deliberations
On Tuesday, December 23, 2025, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on December 10, 2025. -
Inflation Expectations in Action: Exploring Agents’ Behaviour in a Period of High Inflation
Inflation expectations are important to monetary policy decision-makers. Using survey evidence, we examine how firms and consumers react to their inflation expectations during the post-pandemic period of high inflation. -
Estimating the Costs of Electronic Retail Payment Networks: A Cross-Country Meta Analysis
We explore how many electronic funds transfer (EFT) systems can viably coexist within a jurisdiction at efficient scale by estimating the cost curve of the average EFT. We estimate the marginal cost to be approximately $0.55 per transaction, and the fixed cost to be approximately $83 million per year. -
December 16, 2025
Bank of Canada Media Interview – Zone économie
Tiff Macklem, Governor of the Bank of Canada, gave an interview to Radio-Canada’s Gérald Fillion. The interview will air today on Zone économie. -
December 16, 2025
Bank of Canada Media Interview – The Globe and Mail
Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mark Rendell of the Globe and Mail, which will be published online and in the newspaper. -
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December 16, 2025
Speech by Tiff Macklem, Governor of the Bank of Canada
On Tuesday, December 16, 2025, Tiff Macklem, Governor of the Bank of Canada, will speak before The Chamber of Commerce of Metropolitan Montreal.