Bank of Canada
The Bank of Canada is the nation’s central bank. We are not a commercial bank and do not offer banking services to the public. Rather, we have responsibilities for Canada’s monetary policy, bank notes, financial system, and funds management. Our principal role, as defined in the Bank of Canada Act, is "to promote the economic and financial welfare of Canada."
Currency Converter - Bank of Canada
Monetary policy has worked to reduce price pressures in the Canadian economy. Inflation is now around 2% and is expected to remain near the middle of the Bank of Canada’s control range of 1% to 3% over the projection.
Interest rates - Bank of Canada
Monetary policy has worked to reduce price pressures in the Canadian economy. Inflation is now around 2% and is expected to remain near the middle of the Bank of Canada’s control range of 1% to 3% over the projection.
Policy interest rate - Bank of Canada
Sep 4, 2024 · We aim to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks. We’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint ...
Bank of Canada publishes its 2025 schedule for policy interest …
Aug 6, 2024 · The Bank of Canada today published its 2025 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year.
Keeping inflation at 2% - Bank of Canada
5 days ago · 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. The Bank of Canada responded to the highest inflation in 40 years by forcefully raising interest rates. And it ...
Monetary policy - Bank of Canada
The objective. The goal of Canada’s monetary policy is to promote the economic and financial well-being of Canadians. Experience shows the best way to achieve this goal is by keeping inflation low and stable. Predictable inflation allows Canadians to make spending and investment decisions with confidence, encourages longer-term investment in Canada's economy, and …
Understanding our policy interest rate - Bank of Canada
Apr 13, 2022 · The overnight market Every business day, Canada’s financial institutions move money back and forth among themselves for their customers. Whenever you use your debit card or send an e-transfer, money flows between financial institutions.
Our vision, our values, our promise - Bank of Canada
Inspire confidence. We earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions. The better Canadians understand our goals, the more likely we are to achieve them together.
Monetary Policy Report Press Conference Opening Statement
Oct 26, 2022 · Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank’s Monetary Policy Report (MPR).. Today, we raised the policy interest rate by 50 basis points to 3.75%.