Posts

• October 23, 2024

  La Tribune

  

  Nicolas Vincent, Deputy Governor of the Bank
  Interview with La Tribune

  Content Type(s): Press, Media activities
• October 23, 2024

  Bank of Canada reduces policy rate by 50 basis points to 3¾%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.

  Content Type(s): Press, Press releases
• October 23, 2024

  Monetary Policy Report—October 2024

  

  Monetary policy has worked to reduce price pressures in the Canadian economy. Inflation is now around 2% and is expected to remain near the middle of the Bank of Canada’s control range of 1% to 3% over the projection.

  Content Type(s): Publications, Monetary Policy Report
• October 23, 2024

  Monetary Policy Report—October 2024—Risks

  The Bank of Canada sees both upside and downside risks to the inflation outlook, but the base-case scenario is considered the most likely outcome.
• October 23, 2024

  Monetary Policy Report—October 2024—Overview

  Monetary policy has worked to reduce price pressures in the Canadian economy. Inflation is now around 2% and is expected to remain near the middle of the Bank of Canada’s control range of 1% to 3% over the projection.
• October 23, 2024

  Monetary Policy Report—October 2024—In focus:

  Prices change all the time, and some change more often than others. How often prices change can affect how quickly shifts in economic conditions affect inflation.
• October 23, 2024

  Monetary Policy Report—October 2024—Projections

  Economic growth in Canada is forecast to pick up gradually. Inflation is expected to remain around 2% as core inflation slows.
• October 23, 2024

  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
• October 23, 2024

  Bank of Canada interest rate announcement and release of the Monetary Policy Report

  On Wednesday, October 23, 2024, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision.

  Content Type(s): Press, Media advisories
• October 23, 2024

  Monetary Policy Report—October 2024—In focus:

  The rise in unemployment since early 2023 has been mainly due to increased difficulty finding a job. Layoffs have not played a large role.