March 9, 2023 Understanding the reasons for high inflation Speech summary Carolyn Rogers Manitoba Chambers of Commerce Winnipeg, Manitoba Speaking a day after we decided to hold the policy rate, Senior Deputy Governor Carolyn Rogers talks about the factors behind high inflation and how we know inflation is falling. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
February 24, 1998 Inflation-Control Targets Extended Media Relations The Bank of Canada today released a joint statement of the Government of Canada and the Bank of Canada on the extension of the inflation-control targets. Content Type(s): Press, Press releases
March 21, 2005 Inflation Targeting: A Canadian Perspective Remarks David Dodge National Association for Business Economics Washington, D.C. The invitation is timely, given that the Bank of Canada's inflation-targeting agreement with the Canadian government is up for renewal next year. At the Bank, we are always reflecting on our framework, deciding what works well and what we can improve. Against that backdrop, we have watched with interest the debate taking place here in the United States - inside and outside the Federal Reserve - about whether that institution should join the ranks of inflation-targeting central banks. Content Type(s): Press, Speeches and appearances, Remarks
Digitalization and Inflation: A Review of the Literature Staff analytical note 2017-20 Karyne B. Charbonneau, Alexa Evans, Subrata Sarker, Lena Suchanek In the past few years, many have postulated that the possible disinflationary effects of digitalization could explain the subdued inflation in advanced economies. In this note, we review the evidence found in the literature. We look at three main channels. Content Type(s): Staff research, Staff analytical notes JEL Code(s): D, D2, D22, E, E3, E31, L, L8, L81, O, O3, O33 Research Theme(s): Financial markets and funds management, Market structure, Monetary policy, Inflation dynamics and pressures, Structural challenges, Digitalization and productivity
Bending the Curves: Wages and Inflation Staff analytical note 2018-15 Dany Brouillette, Madigan Dockrill, Helen Lao, Laurence Savoie-Chabot As economic slack continues to be absorbed and the labour market tightens, wage growth and inflation could increase faster than expected, which would suggest convexity in their Phillips curves. This note investigates whether there is convexity in the Phillips curves for Canadian wage growth and inflation by testing different empirical approaches over the post-inflation-targeting period. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, E24, E3, E31, J, J3 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting
October 27, 2015 Inflation Targeting—A Matter of Time Remarks Timothy Lane CFA Society Atlantic Canada Halifax, Nova Scotia Deputy Governor Tim Lane discusses monetary policy decision making and how the Bank assesses the underlying trend in inflation. Content Type(s): Press, Speeches and appearances, Remarks
November 18, 2014 Inflation Targeting in the Post-Crisis Era Remarks Agathe Côté Calgary CFA Society Calgary, Alberta Deputy Governor Agathe Côté discusses the inflation-targeting framework and issues the Bank is researching in the run-up to the renewal of the framework in 2016. Content Type(s): Press, Speeches and appearances, Remarks
November 22, 2023 Fighting to get back to low inflation Speech summary Tiff Macklem Saint John Region Chamber of Commerce Saint John, New Brunswick Governor Tiff Macklem outlines how high inflation is hurting Canadians and how monetary policy is working to bring it down. He also explains why the Bank of Canada must stay the course in its inflation fight. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
July 24, 2024 Monetary Policy Report—July 2024—In focus: Drivers of inflation in core goods and services Inflation in the prices of goods excluding energy has fallen sharply across many economies, while inflation in services excluding shelter remains elevated. Examining the factors behind recent shifts can provide insights into where inflation may be headed, at least over the near term.
Communicating Inflation Uncertainty and Household Expectations Staff working paper 2023-63 Olena Kostyshyna, Luba Petersen We examine the value of direct communication to households about inflation and the uncertainty around inflation statistics. All types of information about inflation are effective at immediately managing inflation expectations, with information about outlooks being more effective and relevant than that about recent inflation and Bank targets. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C9, C93, D, D8, D84, E, E5, E59, E7 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission, Monetary policy tools and implementation