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Monetary policy is working to reduce inflationary pressures and inflation is coming down, although it will take more time to see if this progress proves durable. The Bank projects that inflation will stay around 3% into the second quarter of 2024, ease below 2.5% in the second half of the year and return to target in 2025.
Release of the Monetary Policy Report – Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (10:30 (ET) approx.).
These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.
Economic Progress Report — Deputy Governor Toni Gravelle speaks before the Windsor-Essex Regional Chamber of Commerce (12:50 (ET) approx.).
The cost of high inflation — Governor Tiff Macklem takes questions from reporters following his remarks (13:00 (ET) approx.).
The cost of high inflation — Governor Tiff Macklem speaks before the Saint John Region Chamber of Commerce (11:45 (ET) approx.).
Financial Stability Update — Senior Deputy Governor Carolyn Rogers speaks before Advocis Vancouver. (12:00 (ET) approx.).
Release of the Monetary Policy Report — Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (11:00 (ET) approx.).
Pricing practices and monetary policy — External Non-executive Deputy Governor Nicolas Vincent speaks before The Chamber of Commerce of Metropolitan Montreal. (08:40 (ET) approx.).
How household differences have affected monetary policy since the onset of the Covid-19 pandemic — Deputy Governor Sharon Kozicki speaks at the University of Regina. (14:00 (ET) approx.).
Economic Progress Report — Governor Tiff Macklem takes questions from reporters following his remarks (15:30 (ET) approx.).
Economic Progress Report — Governor Tiff Macklem speaks before the Calgary Chamber of Commerce (14:10 (ET) approx.).
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