October 28, 2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. Content Type(s): Press, Press releases
October 9, 2020 Central banks and BIS publish first central bank digital currency (CBDC) report laying out key requirements Media Relations Ottawa, Ontario This joint press release announces the publication of a report identifying the foundational principles necessary for any publicly available central bank digital currencies to help central banks meet their public policy objectives. Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
September 17, 2020 Bank of Canada Senior Deputy Governor Carolyn A. Wilkins will not seek second term Media Relations Ottawa, Ontario The Board of Directors of the Bank of Canada announced today that Senior Deputy Governor Carolyn A. Wilkins informed them that she will not seek a second term. Content Type(s): Press, Press releases
September 9, 2020 Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds. Content Type(s): Press, Press releases
August 24, 2020 Bank of Canada launches public consultation on inflation targeting Media Relations Ottawa, Ontario The Bank of Canada today launched an online public consultation to gather Canadians’ views on the Bank’s approach to monetary policy. The “Let’s Talk Inflation” campaign is part of an effort to reach out to all Canadians before the Bank renews its agreement with the federal government on the monetary policy framework in 2021. Content Type(s): Press, Press releases
August 10, 2020 Bank of Canada designates Interac e‑Transfer as a prominent payment system Media Relations Ottawa, Ontario Bank of Canada Governor Tiff Macklem has designated Interac e‑Transfer® as a prominent payment system under the Payment Clearing and Settlement Act, effective August 10, 2020. This brings Bank oversight to this payment system and ensures it remains a safe, viable and effective method of payment for Canadians. Content Type(s): Press, Press releases
July 30, 2020 Bank of Canada publishes its 2021 schedule for policy interest rate announcements and other major publications, makes change to effective date of rate decisions Media Relations Ottawa, Ontario The Bank of Canada today published its 2021 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year. Content Type(s): Press, Press releases
July 15, 2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. Content Type(s): Press, Press releases
June 30, 2020 Bank of Canada partners with the Bank for International Settlements to launch innovation centre Media Relations Ottawa, Ontario The Bank for International Settlements (BIS) and the Bank of Canada announced today they will be launching a BIS Innovation Hub centre to advance fintech innovation within the central banking community. Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
June 15, 2020 Bank of Canada becomes administrator of Canadian Overnight Repo Rate Average Media Relations Ottawa, Ontario The Bank of Canada is now the administrator of the Canadian Overnight Repo Rate Average (CORRA) and will post today the first rate calculated using an improved methodology. Content Type(s): Press, Press releases Source(s): Canadian Alternative Reference Rate Working Group