Posts

• January 29, 2025

  Bloomberg News

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with Bloomberg News

  Content Type(s): Press, Media activities
• January 29, 2025

  Bank of Canada announces an adjustment to the deposit rate and some changes to terms and conditions for Overnight Reverse Repo Operations

  The Bank announced it is making an adjustment to the deposit rate. Effective January 30, the deposit rate will be set at a spread of 5bps below the Bank’s policy interest rate.

  Content Type(s): Press, Market notices Source(s): Overnight reverse repo operations
• January 29, 2025

  Bank of Canada provides operational details for restarting asset purchases to end quantitative tightening

  Today, the Bank of Canada is announcing its plan to complete its balance sheet normalization, ending quantitative tightening.

  Content Type(s): Press, Market notices Source(s): Term repo operations
• January 29, 2025

  Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.

  Content Type(s): Press, Press releases
• January 29, 2025

  Monetary Policy Report—January 2025

  

  Economic growth has ticked up in Canada, boosted by past cuts in interest rates. In the absence of new tariffs, growth is forecast to strengthen, and inflation remains close to 2%. But the threat of new tariffs is causing major uncertainty.

  Content Type(s): Publications, Monetary Policy Report
• January 29, 2025

  Monetary Policy Report—January 2025—Projections

  Economic growth in Canada is expected to pick up, supported by past interest rate cuts, and inflation is projected to remain close to the 2% target.
• January 29, 2025

  Monetary Policy Report—January 2025—Global economy

  Global economic growth remains near 3%, and headline inflation is close to central bank targets in many countries. However, uncertainty has increased amid political and trade tensions. The outlook does not incorporate new tariffs threatened by the United States.
• January 29, 2025

  Monetary Policy Report—January 2025—Canadian economy—Outlook

  Economic growth in Canada is projected to rise to around 1.8% in 2025 and 2026, outpacing potential output, and excess supply is gradually absorbed. Inflation is expected to remain close to the Bank of Canada’s 2% target.
• January 29, 2025

  Monetary Policy Report—January 2025—Canadian economy—Current conditions

  Inflation remains close to 2%, and past cuts in interest rates are boosting economic growth in Canada. At the same time, the threat of wide-ranging tariffs by the new US administration has increased uncertainty.
• January 29, 2025

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses the Monetary Policy Report and the key issues involved in the Governing Council’s deliberations about the monetary policy decision.

  Content Type(s): Press, Speeches and appearances, Opening statements