October 26, 2022 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements
October 26, 2022 Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. Content Type(s): Press, Press releases
October 26, 2022 Bank of Canada interest rate announcement and release of the Monetary Policy Report On Wednesday, October 26, 2022, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision. Content Type(s): Press, Media advisories
October 26, 2022 Monetary Policy Report – October 2022 While inflation has come off its peak, it remains too high. As the economy responds to higher interest rates and as the effects of elevated commodity prices and supply disruptions fade, the Bank expects inflation to fall to about 3% in late 2023, then return to 2% in 2024. Content Type(s): Publications, Monetary Policy Report
October 17, 2022 Panel participation by Carolyn Rogers, Senior Deputy Governor of the Bank of Canada On Monday, October 17, 2022, Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, will participate in a panel discussion at the Toronto Centre’s 25th Anniversary Event. Content Type(s): Press, Media advisories
October 17, 2022 The Bank of Canada releases the third quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations On Monday, October 17, 2022, the Bank of Canada will release the Business Outlook Survey for the third quarter of 2022 and the latest results of the Canadian Survey of Consumer Expectations. Content Type(s): Press, Media advisories
October 17, 2022 Business Outlook Survey—Third Quarter of 2022 Business confidence has softened, according to results from the third-quarter 2022 Business Outlook Survey and the July through October 2022 Business Leaders’ Pulse surveys. Many firms expect slower sales growth as interest rates rise and demand growth shifts closer to pre-pandemic levels. Early signs suggest that pressures on prices and wages have started to ease, but firms’ inflation expectations remain high. Content Type(s): Publications, Business Outlook Survey
October 17, 2022 Canadian Survey of Consumer Expectations—Third Quarter of 2022 This survey took place between August 2 and August 23, 2022. Follow-up interviews took place in September. Expectations for inflation one to two years ahead have continued to rise because consumers anticipate supply chain disruptions and elevated oil prices will persist. In contrast, expectations for inflation five years ahead have eased to near pre-pandemic levels. Still, consumers are more divided this quarter about where inflation will end up in the long term. Content Type(s): Publications, Canadian Survey of Consumer Expectations
October 14, 2022 Media roundtable with Governor Macklem On Friday, October 14, 2022, Tiff Macklem, Governor of the Bank of Canada, will hold a roundtable with journalists on the sidelines of the G7-G20-IMF meetings in Washington. Content Type(s): Press, Media advisories