Press Releases

• August 25, 2022

  Bank of Canada launches process to appoint new non-executive Deputy Governor

  Media Relations Ottawa, Ontario

  Further to the announcement that Deputy Governor Timothy Lane will be retiring from the Bank on September 16, the Board of Directors of the Bank has initiated a recruitment process to fill the vacancy on Governing Council.

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

  Bank of Canada publishes 2023 schedule for interest rate announcements

  Media Relations Ottawa, Ontario

  The Bank of Canada today published its 2023 schedule for the release of its policy interest rate decisions and quarterly Monetary Policy Report.

  Content Type(s): Press, Press releases
• July 13, 2022

  Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening

  Media Relations Ottawa, Ontario

  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%.

  Content Type(s): Press, Press releases
• June 22, 2022

  Deputy Governor Timothy Lane to Retire from the Bank of Canada

  Media Relations Ottawa, Ontario

  The Bank of Canada announced today that Deputy Governor Timothy Lane will retire on September 16, 2022.

  Content Type(s): Press, Press releases
• June 1, 2022

  Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%.

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

  The Bank of Canada Releases Its Annual Report for 2021

  Media Relations Ottawa, Ontario

  The Bank of Canada’s Annual Report for 2021 was tabled in the House of Commons today. The Report is now available on the Bank’s website.

  Content Type(s): Press, Press releases
• April 13, 2022

  Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%.

  Content Type(s): Press, Press releases
• March 23, 2022

  Bank of Canada to chair the Central Bank Network for Indigenous Inclusion in 2022

  Media Relations Ottawa, Ontario

  The Bank of Canada announced today it has officially begun a one-year term as chair of the Central Bank Network for Indigenous Inclusion (CBNII).

  Content Type(s): Press, Press releases
• March 16, 2022

  Bank of Canada and Massachusetts Institute of Technology announce joint Central Bank Digital Currency collaboration

  Media Relations Ottawa, Ontario

  The Bank of Canada and the Massachusetts Institute of Technology (MIT) today announced an agreement to collaborate on a twelve-month research project on Central Bank Digital Currency (CBDC).

  Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
• March 2, 2022

  Bank of Canada increases policy interest rate

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %.

  Content Type(s): Press, Press releases