March 18, 2024
Bank of Canada announces the recipients of the 2024 Fellowship Program Awards
Learn about the recipients of the Fellowship and Governor’s Awards for 2024.
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March 6, 2024
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%.
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Press,
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March 6, 2024
Monetary Policy Decision Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision.
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Press,
Speeches and appearances,
Opening statements
February 7, 2024
Summary of Governing Council deliberations: Fixed announcement date of January 24, 2024
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 24, 2024.
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Publications,
Summary of deliberations
February 6, 2024
Monetary policy: It’s perfectly imperfect
Governor Tiff Macklem speaks about the effectiveness—and limitations—of monetary policy. He highlights how raising and lowering the policy interest rate ultimately keeps inflation low, stable and predictable, despite significant shocks to the economy.
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Housing,
Inflation targets,
Inflation: costs and benefits,
Interest rates,
Monetary policy,
Monetary policy implementation,
Monetary policy transmission,
Price stability,
Productivity