Credibility

• June 11, 2025

  What is a tariff?

  A tariff is a tax on imports from another country. It can increase the prices consumers and businesses pay for that good.

  Content Type(s): Explainers Research Topic(s): Credibility, Expectations, Inflation and prices, International topics
• June 5, 2025

  Reaching out for a clearer view of the economy

  Speech summary Sharon Kozicki C.D. Howe Institute Toronto, Ontario

  Speaking a day after we decided to keep the policy interest rate at 2.75%, Deputy Governor Sharon Kozicki discusses how we make better decisions by looking at a variety of data and talking with Canadians.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Business fluctuations and cycles, Credibility, Monetary policy and uncertainty, Recent economic and financial developments, Trade integration
• June 5, 2025

  Talking to Canadians: How real-world insights shape monetary policy

  Remarks Sharon Kozicki C.D. Howe Institute Toronto, Ontario

  Deputy Governor Sharon Kozicki talks about how the Bank of Canada is using non-traditional data to better inform its monetary policy decisions.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Business fluctuations and cycles, Credibility, Monetary policy and uncertainty, Recent economic and financial developments, Trade integration
• March 10, 2025

  Price check: Inflation in Canada

  Sharon Kozicki, Jill Vardy, Laurence Savoie-Chabot

  Why prices change, and what it means for the economy.

  Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Business fluctuations and cycles, Credibility, Expectations, Inflation and prices, Inflation targets, Inflation: costs and benefits, Monetary policy framework, Monetary policy transmission, Price stability
• February 6, 2025

  Structural change, supply shocks and hard choices

  Remarks (delivered virtually) Tiff Macklem Bank for International Settlements Mexico City, Mexico

  In panel remarks, Governor Tiff Macklem highlights the challenges ahead and discusses the role of monetary policy in a world with more structural change and supply shocks.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Credibility, Inflation and prices, International topics, Monetary policy and uncertainty, Monetary policy framework, Price stability, Recent economic and financial developments
• November 26, 2024

  Keeping inflation at 2%

  Speech summary Rhys R. Mendes Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  In his first public speech as a deputy governor, Rhys Mendes explains why higher interest rates were needed to get inflation back down to the 2% target and why we want it to stay there.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Credibility, Expectations, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy communications, Price stability
• November 26, 2024

  Sticking the landing: Keeping inflation at 2%

  Remarks Rhys R. Mendes Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  Deputy Governor Rhys Mendes discusses how monetary policy worked to bring inflation back down to target and why the Bank wants inflation to stay close to 2%.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Credibility, Expectations, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy communications, Price stability

• Monetary Policy Governance: Bank of Canada Practices to Support Policy Effectiveness

  Staff Discussion Paper 2024-14 Brigitte Desroches, Sharon Kozicki, Laure Simon

  We examine different monetary policy governance structures and discuss the important roles of non-legislated processes and practices. We also provide an update on monetary policy governance at the Bank of Canada and how it has evolved over time.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Credibility, Monetary policy communications, Monetary policy framework JEL Code(s): E, E0, E02, E5, E58
• September 19, 2024

  Monetary policy decision-making: Behind the scenes

  Remarks Nicolas Vincent Sherbrooke Chamber of Commerce and Industry Sherbrooke, Quebec

  External Deputy Governor Nicolas Vincent gives a behind the scenes look at the rigorous research, analysis and debate that go into every monetary policy decision.

  Content Type(s): Press, Speeches and appearances Research Topic(s): Central bank research, Credibility, Economic models, Inflation and prices, Inflation targets, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Monetary policy framework, Monetary policy transmission
• September 19, 2024

  Getting to a monetary policy decision

  Speech summary Nicolas Vincent Sherbrooke Chamber of Commerce and Industry Sherbrooke, Quebec

  External Deputy Governor Nicolas Vincent gives a behind-the-scenes look at how the Bank of Canada’s Governing Council arrives at its monetary policy decisions.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Central bank research, Credibility, Economic models, Inflation and prices, Inflation targets, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Monetary policy framework, Monetary policy transmission