January 28, 2026
Bank of Canada Media Interview – Reuters
Tiff Macklem, Governor of the Bank of Canada, gave an interview to Reuters.
Access our latest news and events.
Media advisories
January 28, 2026
Bank of Canada interest rate announcement and release of the Monetary Policy Report
On Wednesday, January 28, 2026, 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
Media contacts
Our consultants are available from 08:30 to 17:00 ET, Monday to Friday. We will normally reply to all media calls and emails within four hours.
Email alerts
Get notified by email whenever the Bank releases new information.
News
January 28, 2026
Bank of Canada maintains policy rate at 2¼%
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.
Content Type(s):
Press,
Press releases
January 28, 2026
Monetary Policy Report—January 2026
The Canadian economy continues to adjust to US tariffs and the new global trade landscape. This adjustment will take time and growth is expected to be modest. Inflation is projected to remain near the 2% target.
Content Type(s):
Publications,
Monetary Policy Report
Upcoming events
February 5, 2026
Speech: Tiff Macklem, Governor
February 9, 2026
Release: Market Participants Survey
February 11, 2026
Publication: Summary of Deliberations
February 12, 2026
Fireside Chat: Carolyn Rogers, Senior Deputy Governor
February 16, 2026
Family Day
Selected media activities
January 17, 2026
The Logic
Tiff Macklem, Governor of the Bank of Canada.
Interview with The Logic.
Content Type(s):
Press,
Media activities
January 14, 2026
The Logic
Tiff Macklem, Governor of the Bank of Canada.
Interview with The Logic.
Content Type(s):
Press,
Media activities
Speeches and appearances
January 28, 2026
Monetary Policy Report Press Conference Opening Statement
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
Webcasts
January 28, 2026
Press Conference: Monetary Policy Report – January 2026
Release of the Monetary Policy Report – Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers (10:30 (ET) approx.).
Content Type(s):
Press,
Speeches and appearances,
Webcasts
Blackout guidelines
Consult our "blackout" guidelines for communications around fixed announcement dates.
Principles for external communication
To uphold public confidence in the transparency and integrity of its work on behalf of Canadians, the Bank adheres to these principles for Governing Council’s external communications.