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
January 29, 2025 Monetary Policy Report—January 2025 Economic growth has ticked up in Canada, boosted by past cuts in interest rates. In the absence of new tariffs, growth is forecast to strengthen, and inflation remains close to 2%. But the threat of new tariffs is causing major uncertainty. Content Type(s): Publications, Monetary Policy Report
January 29, 2025 Monetary Policy Report—January 2025—Projections Economic growth in Canada is expected to pick up, supported by past interest rate cuts, and inflation is projected to remain close to the 2% target.