December 11, 2024
Bank of Canada reduces policy rate by 50 basis points to 3¼%
The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.
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December 11, 2024
Bank of Canada Interest Rate Announcement
On Wednesday, December 11, 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.
Content Type(s):
Press,
Media advisories
December 11, 2024
Monetary Policy Decision Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the monetary policy decision.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
December 2, 2024
Bank of Canada publishes applicants’ list of retail payment service providers
The Bank of Canada today published the list of companies that have applied to be registered under the Retail Payment Activities Act (RPAA).
Content Type(s):
Press,
Press releases
Subject(s):
Retail payments supervision
November 26, 2024
Island Morning, CBC Radio
Rhys Mendes, Deputy Governor of the Bank
Interview with the Island Morning on CBC Radio
Content Type(s):
Press,
Media activities
November 26, 2024
Speech by Rhys Mendes, Deputy Governor of the Bank of Canada
On Tuesday, November 26, 2024, Rhys Mendes, Deputy Governor of the Bank of Canada, will speak before the Greater Charlottetown Area Chamber of Commerce.
Content Type(s):
Press,
Media advisories
November 26, 2024
Speech: Greater Charlottetown Area Chamber of Commerce
Inflation at 2%: the role of monetary policy going forward — Deputy Governor Rhys Mendes speaks before the Greater Charlottetown Area Chamber of Commerce (8:20 (ET) approx.) .
Content Type(s):
Press,
Speeches and appearances,
Webcasts
November 26, 2024
Keeping inflation at 2%
Speech summary
Rhys R. Mendes
Greater Charlottetown Area Chamber of Commerce
Charlottetown, Prince Edward Island
In his first public speech as a deputy governor, Rhys Mendes explains why higher interest rates were needed to get inflation back down to the 2% target and why we want it to stay there.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Subject(s):
Monetary policy,
Economy/Economic growth,
Inflation,
Inflation targeting framework
November 26, 2024
Sticking the landing: Keeping inflation at 2%
Remarks
Rhys R. Mendes
Greater Charlottetown Area Chamber of Commerce
Charlottetown, Prince Edward Island
Deputy Governor Rhys Mendes discusses how monetary policy worked to bring inflation back down to target and why the Bank wants inflation to stay close to 2%.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Subject(s):
Monetary policy,
Economic models,
Economy/Economic growth,
Inflation,
Inflation targeting framework
November 26, 2024
Bank of Canada Media Interview – CBC Radio
Rhys Mendes, Deputy Governor of the Bank of Canada, was interviewed on CBC’s radio show Island Morning.
Content Type(s):
Press,
Media advisories