Anchored Inflation Expectations: What Recent Data Reveal Staff working paper 2025-5 Olena Kostyshyna, Isabelle Salle, Hung Truong We analyze micro-level data from the Canadian Survey of Consumer Expectations through the lens of a heterogeneous-expectations model to study how inflation expectations form over the business cycle. We provide new insights into how households form expectations, documenting that forecasting behaviours, attention and noise in beliefs vary across socio-demographic groups and correlate with views about monetary policy. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D8, D84, E, E3, E31, E7, E70 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission, Real economy and forecasting
January 30, 2025 Award-winning exhibition “Money in 10 Questions: Kids Edition” hits the road across Canada The Bank of Canada Museum is thrilled to announce the nationwide tour of its award-winning travelling exhibition, Money in 10 Questions: Kids Edition, kicking off at the Lloydminster Museum + Archives from January 31 to April 27, 2025. Content Type(s): Press, Announcements
January 29, 2025 Bank of Canada Media Interview – Bloomberg News Tiff Macklem, Governor of the Bank of Canada, gave an interview to Erik Hertzberg of Bloomberg News. Content Type(s): Press, Media advisories
January 29, 2025 Bank of Canada Media Interview – Le Devoir Tiff Macklem, Governor of the Bank of Canada, gave an interview to Clémence Pavic of Le Devoir. Content Type(s): Press, Media advisories
January 29, 2025 Le Devoir Tiff Macklem, Governor of the Bank of Canada Interview with Le Devoir Content Type(s): Press, Media activities
January 29, 2025 Bloomberg News Tiff Macklem, Governor of the Bank of Canada Interview with Bloomberg News Content Type(s): Press, Media activities
January 29, 2025 Bank of Canada announces an adjustment to the deposit rate and some changes to terms and conditions for Overnight Reverse Repo Operations The Bank announced it is making an adjustment to the deposit rate. Effective January 30, the deposit rate will be set at a spread of 5bps below the Bank’s policy interest rate. Content Type(s): Press, Market notices Source(s): Overnight reverse repo operations
January 29, 2025 Bank of Canada provides operational details for restarting asset purchases to end quantitative tightening Today, the Bank of Canada is announcing its plan to complete its balance sheet normalization, ending quantitative tightening. Content Type(s): Press, Market notices Source(s): Term repo operations
January 29, 2025 Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening Media Relations Ottawa, Ontario The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%. Content Type(s): Press, Press releases