News

Speaking a day after the Bank of Canada raised interest rates, Senior Deputy Governor Carolyn Rogers discusses where the economy stands and what the Bank is doing to get inflation back under control.

The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.

The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2023 Fellowship and Governor’s awards.

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.

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