November 9, 2020
Press Releases
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November 5, 2020
Bank of Canada Senior Deputy Governor Carolyn A. Wilkins to leave the Bank in December
Senior Deputy Governor Carolyn A. Wilkins has informed the Bank’s Board of Directors that her last day at the Bank will be December 9, 2020. -
October 28, 2020
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. -
October 9, 2020
Central banks and BIS publish first central bank digital currency (CBDC) report laying out key requirements
This joint press release announces the publication of a report identifying the foundational principles necessary for any publicly available central bank digital currencies to help central banks meet their public policy objectives. -
September 17, 2020
Bank of Canada Senior Deputy Governor Carolyn A. Wilkins will not seek second term
The Board of Directors of the Bank of Canada announced today that Senior Deputy Governor Carolyn A. Wilkins informed them that she will not seek a second term. -
September 9, 2020
Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds. -
August 24, 2020
Bank of Canada launches public consultation on inflation targeting
The Bank of Canada today launched an online public consultation to gather Canadians’ views on the Bank’s approach to monetary policy. The “Let’s Talk Inflation” campaign is part of an effort to reach out to all Canadians before the Bank renews its agreement with the federal government on the monetary policy framework in 2021. -
August 10, 2020
Bank of Canada designates Interac e‑Transfer as a prominent payment system
Bank of Canada Governor Tiff Macklem has designated Interac e‑Transfer® as a prominent payment system under the Payment Clearing and Settlement Act, effective August 10, 2020. This brings Bank oversight to this payment system and ensures it remains a safe, viable and effective method of payment for Canadians. -
July 30, 2020
Bank of Canada publishes its 2021 schedule for policy interest rate announcements and other major publications, makes change to effective date of rate decisions
The Bank of Canada today published its 2021 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. -
July 15, 2020
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent.