October 3, 2023
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September 20, 2023
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on September 6, 2023.
Summary of Governing Council deliberations: Fixed announcement date of September 6, 2023
Content Type(s):
Publications,
Summary of deliberations
September 19, 2023
Household differences and monetary policy
Deputy Governor Sharon Kozicki talks about how differences in debt, income and savings across households shaped their experience through the COVID-19 pandemic and how this is affecting monetary policy now.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Housing,
Inflation and prices,
Interest rates,
Monetary policy transmission,
Price stability
September 7, 2023
Staying the course
Speaking a day after we decided to maintain the policy interest rate at 5%, Governor Tiff Macklem explores some key factors behind the decision. He also explains why the 2% inflation target supports a stable economy and greater prosperity for households and businesses.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Credibility,
Domestic demand and components,
Expectations,
Firm dynamics,
Inflation and prices,
Inflation targets,
Inflation: costs and benefits,
Labour markets,
Monetary policy,
Monetary policy framework,
Monetary policy transmission,
Price stability,
Recent economic and financial developments
September 6, 2023
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.
Content Type(s):
Press,
Press releases