CA BOC Monetary Policy Report
It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions;
The BOC Governor usually holds a press conference to discuss the contents of this report about 75 minutes after release;
- History
Expected Impact / Date | Description |
---|---|
Apr 10, 2024 | |
Jan 24, 2024 | |
Oct 25, 2023 | |
Jul 12, 2023 | |
Apr 12, 2023 | |
Jan 25, 2023 | |
Oct 26, 2022 | |
Jul 13, 2022 | |
-
- CA BOC Monetary Policy Report News
- From investmentexecutive.com|Apr 10, 2024
The Bank of Canada’s interest rate decision on Wednesday didn’t bring cuts, but it did bring new insight into where the central bank thinks interest rates may be headed. The bank kept its overnight interest rate steady at 5%, but it raised something else: its nominal neutral interest rate. The neutral rate is the rate at which the central bank’s monetary policy is neither stimulating nor holding back the economy. It’s essentially the “Goldilocks” interest rate, explained Sheila Block, an economist and research associate with the ...
- From bankofcanada.ca|Apr 10, 2024
Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and our Monetary Policy Report. Today, we maintained our policy interest rate at 5%. We are also continuing our policy of quantitative tightening. We have three main messages this morning. First, monetary policy is working. Total consumer price index (CPI) and core inflation have eased further in recent months, and we expect inflation to continue to move closer to the 2% target this year. Second, growth in the economy looks to be picking up. We expect GDP growth to be solid this year and to strengthen further in 2025. Third, as we consider how much longer to hold the policy rate at the current level, we’re looking for evidence that the recent further easing in underlying inflation will be sustained. Before taking your questions, let me take a moment to discuss how the economy is evolving. We have revised up our outlook for global growth. US economic growth again exceeded expectations, and while growth is expected to slow later this year, economic activity is stronger than previously forecast. post: BANK OF CANADA GOVERNOR TIFF MACKLEM SAYS JUNE RATE CUT POSSIBLE @MtlExchange post: BOC MACKLEM: WOULD BE APPROPRIATE TO LOWER INTEREST RATES WHEN WE CAN BE MORE CONFIDENT THAT PROGRESS IN EASING INFLATION IS SUSTAINED #Macklem #BoC #rates #economy #Canada post:
BOC'S GOV. MACKLEM: HIGHER NEUTRAL RATE DOESN'T IMPACT 'NEAR-TERM' POLICY. post: Macklem: We did discuss when to cut rates, there was a 'clear consensus' to hold pic.twitter.com/VRcDdHwL0A
- From youtube.com/bankofcanadaofficial|Apr 10, 2024
Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers answer reporters’ questions following the policy rate decision and the release of the Monetary Policy Report.
- From static.bankofcanada.ca|Apr 10, 2024
Consumer price index (CPI) inflation in Canada is easing as monetary policy works to reduce inflationary pressures. Core inflation is also coming down, although risks remain and it will take more time to see if this progress proves durable. The global economy is expected to grow at around 3% this year and next. In the United States, economic growth has been surprisingly resilient. A strong job market is boosting consumer spending, and business investment is up due to increasing demand and government incentives. US growth is expected ...
- From zawya.com|Apr 10, 2024
The Bank of Canada (BoC) is expected to hold its key overnight rate steady on Wednesday, with economists and analysts hoping to get some direction on the timing of its first rate cut. The central bank has kept borrowing costs on hold at a 22-year high of 5% for its last five consecutive meetings in its bid to bring inflation down. It is widely expected to repeat it for the sixth time but markets will be eagerly sifting through Governor Tiff Macklem's speech for a hint of when it plans to pivot to a rate cut cycle. With inflation ...
- From scotiabank.com|Jan 24, 2024
The Bank of Canada broadly delivered upon expectations. It’s easy to do when they are set rather low to begin with. Nothing was changed. Nothing at all. Policy measures were left intact as expected. No material changes to their prior round of forecasts in October were offered. It’s as if time stood completely still since the last forecasts on October 25th when in reality so much change is afoot. I don’t find that satisfying when you’ve got a few hundred folks involved in the process. The overall set of communications left us with the ...
- From think.ing.com|Jan 24, 2024
Subtle dovish shifts in the Bank of Canada’s thinking and a weak growth backdrop give us increasing confidence that inflation concerns will fade and the BoC will cut rates in 2Q. There may be room for a rebound in short-term CAD rates in the near term though, and USD/CAD could stabilise, but the loonie remains less attractive than the likes of NOK and AUD. Dovish hints point to cuts The Bank of Canada left monetary policy unchanged at today’s meeting. The target for the overnight rate remains at 5% and the Bank is continuing with ...
- From static.bankofcanada.ca|Jan 24, 2024
The global economy is slowing but has been more robust than anticipated in the October Report, in large part due to the surprising strength of the US economy. Growth is expected to moderate further in 2024. Inflation is coming down in most major economies and is expected to continue to decline gradually toward central banks’ targets. In Canada, consumer price index (CPI) inflation is still too high but is easing gradually. Recent data reinforce that monetary policy is working to moderate spending and relieve price pressures across a ...
Released on Apr 10, 2024 |
---|
Released on Jan 24, 2024 |
---|
- Details