We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
News
July 16, 2019
Bank of Canada to become the administrator of key interest rate benchmark
The Bank of Canada today announced its intention to become the administrator of the Canadian Overnight Repo Rate Average (CORRA), a key interest rate benchmark for financial markets.
Content Type(s):
Press,
Press Releases
July 10, 2019
Monetary Policy Report Press Conference Opening Statement
Senior Deputy Governor Carolyn A. Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.
July 10, 2019
Bank of Canada maintains overnight rate target at 1 ¾ percent
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent.
Content Type(s):
Press,
Press Releases
July 10, 2019
The Bank updated its forecast for real economic growth to 1.3 percent this year, 1.9 percent next year and 2.0 percent in 2021.
Monetary Policy Report – July 2019
Content Type(s):
Publications,
Monetary Policy Report
June 28, 2019
Results from the summer Business Outlook Survey point to a slight improvement in business sentiment after a moderation in the previous survey. Investment and hiring intentions continue to be healthy.
Business Outlook Survey—Summer 2019
Content Type(s):
Publications,
Business Outlook Survey
Canadian dollar
Schedule of Key Interest Rate Announcements and Monetary Policy Report
Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.
Upcoming Events
- September 4, 2019
Media Lock-up - Interest Rate Announcement
- September 4, 2019
Press Release - Interest Rate Announcement
- September 5, 2019
Speech - Lawrence Schembri, Deputy Governor
- October 22, 2019
Publication - Business Outlook Survey and Senior Loan Officer Survey