June 27, 2018 Transparency strengthens public trust and makes monetary policy more effective, Governor Poloz says Media Relations Victoria, British Columbia Transparency in monetary policy can help build trust with the public and financial markets and promote a more resilient economy, Governor Stephen S. Poloz said in a speech today. Content Type(s): Press, Press releases
July 27, 2015 Bank of Canada Publishes 2016 Schedule for Policy Interest Rate Announcements and Release of the Monetary Policy Report Media Relations Ottawa, Ontario The Bank of Canada today published its 2016 schedule of the key dates for policy interest rate announcements and release of the quarterly Monetary Policy Report, and it reconfirmed the scheduled announcement dates for the remainder of this year. Content Type(s): Press, Press releases
July 29, 2014 Bank of Canada Publishes 2015 Schedule for Policy Interest Rate Announcements and Release of the Monetary Policy Report Media Relations Ottawa, Ontario The Bank of Canada today published its 2015 schedule of the key dates for policy interest rate announcements and release of the quarterly Monetary Policy Report, and reconfirmed the scheduled announcement dates for the remainder of this year. Content Type(s): Press, Press releases
Monetary Policy Spillover to Small Open Economies: Is the Transmission Different under Low Interest Rates? Staff working paper 2021-62 Jin Cao, Valeriya Dinger, Tomás Gómez, Zuzana Gric, Martin Hodula, Alejandro Jara, Ragnar Juelsrud, Karolis Liaudinskas, Simona Malovaná, Yaz Terajima Does the transmission of monetary policy change when interest rates are low or negative? We shed light on this question by analyzing the international bank lending channels of monetary policy using regulatory data on banks from four small open economies: Canada, Chile, the Czech Republic and Norway. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E43, E5, E52, E58, F, F3, F34, F4, F42, G, G2, G21, G28 Research Theme(s): Financial system, Financial institutions and intermediation, Household and business credit, Monetary policy, Monetary policy framework and transmission, Structural challenges, International trade, finance and competitiveness
House Price Responses to Monetary Policy Surprises: Evidence from the U.S. Listings Data Staff working paper 2022-39 Denis Gorea, Oleksiy Kryvtsov, Marianna Kudlyak Existing literature documents that house prices respond to monetary policy surprises with a significant delay, taking years to reach their peak response. We present new evidence of a much faster response. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E5, E52, R, R2, R21, R3, R31 Research Theme(s): Financial system, Household and business credit, Monetary policy, Monetary policy framework and transmission
December 5, 2012 Bank of Canada Announces New Publication Time for 2013 Policy Interest Rate Announcements and Monetary Policy Reports The Bank of Canada today announced that effective 23 January 2013, it will move to a new publication time of 10:00 ET for all scheduled policy rate announcements, including those to be published concurrently with the Bank’s quarterly Monetary Policy Reports (MPRs). Content Type(s): Press, Market notices
July 26, 2017 Bank of Canada publishes its 2018 schedule for policy interest rate announcements and the release of the Monetary Policy Report Media Relations Ottawa, Ontario The Bank of Canada today published its 2018 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. Content Type(s): Press, Press releases
September 27, 2017 Monetary policy data dependent given unknowns in inflation outlook, Bank of Canada Governor Poloz says Media Relations St. John's, Newfoundland and Labrador The Bank of Canada’s approach to monetary policy has become particularly data dependent, because of significant unknowns around the inflation outlook as the Canadian economy nears its potential, Governor Stephen S. Poloz said today. Content Type(s): Press, Press releases
April 13, 2022 Bank of Canada provides operational details for quantitative tightening and announces that it will continue to implement monetary policy using a floor system As announced on April 13, 2022, the Bank of Canada is ending the reinvestment phase of its asset purchase program and beginning quantitative tightening (QT). Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
On the Nexus of Monetary Policy and Financial Stability: Effectiveness of Macroprudential Tools in Building Resilience and Mitigating Financial Imbalances Staff discussion paper 2016-11 H. Evren Damar, Miguel Molico This paper reviews the Canadian and international evidence of the effectiveness of macroprudential policy measures in building resilience and mitigating financial imbalances. The analysis concludes that these measures have broadly achieved their goal of increasing the overall resilience of the financial system to the buildup of imbalances and increasing the financial system’s ability to withstand adverse shocks. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E5, E51, E58, G, G1, G18, G2, G28 Research Theme(s): Financial system, Financial stability and systemic risk, Financial system regulation and oversight, Household and business credit