Assessing the US and Canadian neutral rates: 2025 update
We assess both the US and Canadian nominal neutral rates to be in the range of 2.25% to 3.25%, unchanged from the range assessed in 2024.
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result(s)
Assessing the US and Canadian neutral rates: 2024 update
Staff analytical note 2024-9
Frida Adjalala,
Felipe Alves,
Hélène Desgagnés,
Wei Dong,
Dmitry Matveev,
Laure Simon
We assess both the US and Canadian nominal neutral rates to be in the range of 2.25% to 3.25%, somewhat higher than the range of 2.0% to 3.0% in 2023. The assessed range is back to the level it was at in April 2019.
Content Type(s):
Staff research,
Staff analytical notes
Research Topic(s):
Economic models,
Interest rates,
Monetary policy
JEL Code(s):
E,
E4,
E40,
E43,
E5,
E50,
E52,
E58,
F,
F4,
F41
Research Theme(s):
Models and tools,
Economic models,
Monetary policy,
Monetary policy framework and transmission,
Structural challenges,
Demographics and labour supply
Digital Transformation in the Service Sector: Insights from Consultations with Firms in Wholesale, Retail and Logistics
Staff analytical note 2017-19
Wei Dong,
James Fudurich,
Lena Suchanek
Firms increasingly rely on digital technologies such as e-commerce, cloud computing, big data, digital tracking and digital platforms that are reshaping business operations, business models and market structures. In this context, the Bank of Canada consulted with firms in wholesale, retail and logistics, as well as with related industry associations to yield insights on the adoption of digital technologies.
Content Type(s):
Staff research,
Staff analytical notes
Research Topic(s):
Firm dynamics,
Inflation and prices,
Service sector
JEL Code(s):
D,
D2,
D22,
E,
E3,
E31,
L,
L8,
L81,
L9,
L92,
O,
O3,
O33
Research Theme(s):
Financial markets and funds management,
Market structure,
Monetary policy,
Inflation dynamics and pressures,
Structural challenges,
Digitalization and productivity