Press Releases
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27 January 2009 Bank of Canada's continued focus on inflation right for current economic times: Governor Carney
Canadians can be confident that monetary policy will maintain a "relentless" focus on controlling inflation, whether it rises above or drops below the official target range, Bank of Canada Governor Mark Carney said today. -
22 January 2009 Bank of Canada releases Monetary Policy Report Update
In the Update, the Bank noted that the outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity. -
20 January 2009 Bank of Canada lowers overnight rate target by 1/2 percentage point to 1 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1 per cent.