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8056 Results

July 14, 2021

Interest Rate Announcement & Monetary Policy Report

10:00 (ET)
On eight scheduled dates each year, the Bank of Canada issues a press release announcing its decision for the overnight rate target, together with a short explanation of the factors influencing the decision. Four times a year, the Bank of Canada’s Governing Council presents the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.

Content Type(s): Upcoming events
July 5, 2021

Release: Business Outlook Survey & Canadian Survey of Consumer Expectations

10:30 (ET)
The Business Outlook Survey is a summary of interviews conducted by the Bank's regional offices with business leaders from about 100 firms, selected in accordance with the composition of Canada's gross domestic product. The Canadian Survey of Consumer Expectations (CSCE) is a quarterly survey aimed at measuring household views of inflation, the labour market and household finances, as well as topical issues of interest to the Bank of Canada.

Content Type(s): Upcoming events
June 28, 2021

Bank of Canada workshop on Monetary Policy Research

The Bank of Canada is organizing a two-day virtual workshop on June 28 and 29, 2021, to promote the discussion and dissemination of innovative research with relevance for monetary policy. The organizing committee invites submissions by April 15, 2021.
Content Type(s): Conferences

A New Measure of Monetary Policy Shocks

Staff Working Paper 2021-29 Xu Zhang
Combining various high frequency financial data with central bank projections, I construct a new measure of monetary policy shocks not predictable by the public information preceding a central bank’s announcements. I then study the causal effects of monetary policy on the macro economy.

Consumer Cash Withdrawal Behaviour: Branch Networks and Online Financial Innovation

Staff Working Paper 2021-28 Heng Chen, Matthew Strathearn, Marcel Voia
The physical network of bank branches is important in how consumers manage their cash holdings. This paper estimates how consumer withdrawal behaviour responds to the distance they must travel to their branch.
Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Digital currencies and fintech JEL Code(s): G, G2, G21, R, R2, R22