Press Release Department: Federal - Bank of Canada

The Bank of Canada announced that Nick Leswick has been appointed as executive director of policy, effective Jan. 9, 2024. The full release is available online.

The Bank of Canada today held its target for the overnight rate at 5 per cent, with the Bank Rate at 5¼ per cent and the deposit rate at 5 per cent. The Bank is continuing its policy of quantitative tightening. The next scheduled date for announcing the overnight rate target is Dec. 6, 2023. The … Read more

The bank published a new staff paper, A Behavioral New Keynesian Model of a Small Open Economy Under Limited Foresight, by Seunghoon Na and Yinxi Xie. The full release is available online.

The Bank of Canada published a new staff paper, Competition for Exclusivity and Customer Lock-in: Evidence from Copyright Enforcement in China, by Youming Liu. The full release is available online.

The Bank of Canada published five new staff papers: Digitalization: Labour Markets by Alex Chernoff and Gabriela Galassi; Digitalization: Productivity by Jeffrey Mollins and Temel Taskin; and Digitalization: Implications for Monetary Policy by Vivian Chu, Tatjana Dahlhaus, Christopher Hajzler and Pierre-Yves Yanni; Flagship Entry in Online Marketplaces by Ginger Zhe Jin, Zhentong Lu, Xiaolu Zhou and Lu Fang; and Understanding DeFi Through the Lens of a Production-Network Model by … Read more

The bank published a new staff research paper, Unmet Payment Needs and a Central Bank Digital Currency, by Christopher Henry, Walter Engert, Alexandra Sutton-Lalani, Sebastian Hernandez, Darcey McVanel and Kim Huynh. The full release is available online.

The Bank of Canada increased its target for the overnight rate to 5 per cent, with the Bank Rate at 5¼ per cent and the deposit rate at 5 per cent. The Bank is also continuing its policy of quantitative tightening. The Bank’s July Monetary Policy Report projects the global economy will grow by around 2.8 per cent … Read more

The Bank of Canada increased its target for the overnight rate to 4¾ per cent, with the Bank Rate at 5 per cent and the deposit rate at 4¾ per cent. The Bank is also continuing its policy of quantitative tightening. The next scheduled date for announcing the overnight rate target is July 12, 2023. The … Read more

The Bank of Canada Museum is inviting children to visit a new exhibition that is inspired by questions they have about money. Money in 10 Questions: Kids Edition is a play-based experience that helps children understand money and how to handle it. The exhibit opens to the public on May 25. “We believe an early introduction to … Read more

The Board of Directors of the Bank of Canada announced the appointment of Rhys R. Mendes as Deputy Governor, effective July 17, 2023. The full release is available online.