This day-long workshop explores issues related to monetary policy frameworks – the role and objectives of monetary policy, the specification and effectiveness of monetary policy tools, transparency and communications, and lessons learned from other central banks – to help shape the Bank’s broader research agenda, including issues that may be relevant for the 2021 renewal of the inflation-control agreement with the Government of Canada.
Senior Deputy Governor Carolyn A. Wilkins reviews key themes discussed by participants at the workshop “Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal”.
The Bank of Canada is raising its target for the overnight rate to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The Government of Canada announced today that it is considering issuing more ultra-long bonds in the near future, subject to favourable market conditions.