Monetary policy
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May 13, 2021
Including everyone helps all of us
Governor Tiff Macklem explains why including people from all backgrounds is good for the Bank of Canada and the entire economy. -
May 13, 2021
The benefits of an inclusive economy
Governor Tiff Macklem talks about diversity and inclusion are important for the Bank of Canada, for the economics and finance profession, and for the Canadian economy. -
Optimal Monetary and Macroprudential Policies
Optimal coordination of monetary and macroprudential policies implies higher risk weights on (safe) bonds any time that banks are required to hold additional capital buffers. Coordination also implies a somewhat tighter monetary-policy stance whenever such capital buffers are released. -
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Payments on Digital Platforms: Resiliency, Interoperability and Welfare
This paper studies the business model choice between running a cash platform and a token platform, as well as its welfare and policy implications. -
Potential output and the neutral rate in Canada: 2021 update
We expect potential output growth to be higher than in the October 2020 reassessment. By 2024, growth will be slightly above its average growth from 2010 to 2019. We assess that the Canadian nominal neutral rate continues to lie in the range of 1.75 to 2.75 percent. -
Assessing global potential output growth and the US neutral rate: April 2021
We expect global potential output growth to rise to 3 percent by 2022. Relative to the last assessment in October 2020, potential output growth has been revised up across all the regions. The range of the US neutral rate remains unchanged relative to the autumn 2020 assessment. -
April 5, 2021
Understanding how monetary policy works
It takes time for our policy decisions to filter—or be transmitted—through the economy and financial system. -
March 23, 2021
Supporting markets in tough times
Deputy Governor Toni Gravelle talks about actions the Bank of Canada took to make sure financial markets could work smoothly during the COVID-19 pandemic. He also discusses the Bank’s plans to discontinue some programs.