CA BOC Monetary Policy Report
It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions;
The BOC Governor usually holds a press conference to discuss the contents of this report about 75 minutes after release;
- History
| Expected Impact / Date | Description |
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| Jul 24, 2024 | |
| Apr 10, 2024 | |
| Jan 24, 2024 | |
| Oct 25, 2023 | |
| Jul 12, 2023 | |
| Apr 12, 2023 | |
| Jan 25, 2023 | |
| Oct 26, 2022 | |
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- CA BOC Monetary Policy Report News
From investmentexecutive.com|Jul 26, 2024Faced with headlines trumpeting rising financial stress, growing political polarization and looming climate calamity, Canadians may be understandably gloomy. Yet, a new report from Scotiabank argues that reality is much brighter than perception, and, without an attitude adjustment, negativity could become a self-fulfilling prophecy. Based on sentiment readings, such as the Conference Board of Canada’s confidence index and Bloomberg’s Economic Mood Index, Canadians haven’t been this unhappy since the global financial crisis, the ...
From youtube.com/bankofcanadaofficial|Jul 24, 2024Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers answer reporters’ questions following the policy rate decision and the release of the Monetary Policy Report.
From bankofcanada.ca|Jul 24, 2024Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss the July Monetary Policy Report (MPR) and today’s policy announcement. Today, we lowered our policy interest rate a further 25 basis points to 4.5%. This decision reflects three key considerations. First, monetary policy is working to ease broad price pressures. Second, with the economy in excess supply and slack in the labour market, the economy has more room to grow without creating inflationary pressures. Third, as inflation gets closer to ...
From static.bankofcanada.ca|Jul 24, 2024Consumer price index (CPI) inflation in Canada is moving closer to the 2% target as monetary policy works to reduce price pressures. Inflation is no longer broad-based, and measures of core inflation have eased significantly. However, some pressures remain, particularly in prices for services, and progress back to the target is expected to be uneven. The global economy is expected to grow at around 3% over the projection horizon. In the United States, economic growth has slowed after a period of surprising strength. Past increases in ...
From bnnbloomberg.ca|Jul 24, 2024The Bank of Canada is set to announce its interest rate decision this morning as economists widely expect a rate cut. Forecasters say slowing inflation and a weak economy justify a second consecutive cut by the central bank. After a historic run-up, the central bank lowered its policy rate for the first time in June, bringing it down from five per cent to 4.75 per cent. Governor Tiff Macklem signalled at the time that if inflation continues to ease, it would be reasonable to expect more rate cuts. Last week, Statistics Canada ...
From investmentexecutive.com|Apr 10, 2024The Bank of Canada’s interest rate decision on Wednesday didn’t bring cuts, but it did bring new insight into where the central bank thinks interest rates may be headed. The bank kept its overnight interest rate steady at 5%, but it raised something else: its nominal neutral interest rate. The neutral rate is the rate at which the central bank’s monetary policy is neither stimulating nor holding back the economy. It’s essentially the “Goldilocks” interest rate, explained Sheila Block, an economist and research associate with the ...
From bankofcanada.ca|Apr 10, 2024Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and our Monetary Policy Report. Today, we maintained our policy interest rate at 5%. We are also continuing our policy of quantitative tightening. We have three main messages this morning. First, monetary policy is working. Total consumer price index (CPI) and core inflation have eased further in recent months, and we expect inflation to continue to move closer to the 2% target this year. Second, growth in the economy looks to be picking up. We expect GDP growth to be solid this year and to strengthen further in 2025. Third, as we consider how much longer to hold the policy rate at the current level, we’re looking for evidence that the recent further easing in underlying inflation will be sustained. Before taking your questions, let me take a moment to discuss how the economy is evolving. We have revised up our outlook for global growth. US economic growth again exceeded expectations, and while growth is expected to slow later this year, economic activity is stronger than previously forecast. post: BANK OF CANADA GOVERNOR TIFF MACKLEM SAYS JUNE RATE CUT POSSIBLE @MtlExchange post: BOC MACKLEM: WOULD BE APPROPRIATE TO LOWER INTEREST RATES WHEN WE CAN BE MORE CONFIDENT THAT PROGRESS IN EASING INFLATION IS SUSTAINED #Macklem #BoC #rates #economy #Canada post:
BOC'S GOV. MACKLEM: HIGHER NEUTRAL RATE DOESN'T IMPACT 'NEAR-TERM' POLICY. post: Macklem: We did discuss when to cut rates, there was a 'clear consensus' to hold pic.twitter.com/VRcDdHwL0A
From youtube.com/bankofcanadaofficial|Apr 10, 2024Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers answer reporters’ questions following the policy rate decision and the release of the Monetary Policy Report.
| Released on Jul 24, 2024 |
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| Released on Apr 10, 2024 |
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