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Governor Tiff Macklem explains how monetary policy is working to bring inflation down and outlines the challenges ahead. He also discusses recent stress in the global banking sector and how financial stability and price stability interact.

Tiff Macklem, Governor of the Bank of Canada
Interview with As It Happens on CBC Radio

For two consecutive weeks, the majority of maturity-weighted notional volume in cleared Canadian dollar interest rate derivatives has been priced using CORRA instead of CDOR.

The Bank of Canada’s Annual Report for 2022 was tabled in the House of Commons today.

The Bank of Canada has released its first annual report outlining the risks that climate change poses to its mandate and operations.

Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.