CA BOC Press Conference
It's among the primary method the BOC uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy;
The press conference has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The press conference is audio on the BOC website;
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- CA BOC Press Conference News
- From ca.finance.yahoo.com|Jun 6, 2024
The Bank of Canada marked a major turning point in its fight against inflation on Wednesday as it lowered its key interest rate for the first time in more than four years, making it the first central bank in the G7 to cut rates. Governor Tiff Macklem said the central bank has more confidence inflation is moving closer to its 2% target, citing various indicators that suggest price pressures have retreated. “If inflation continues to ease, and our confidence that inflation is headed sustainably to the 2% target continues to increase, ...
- From bankofcanada.ca|Jun 5, 2024
Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement. Governing Council decided monetary policy no longer needs to be as restrictive and lowered the policy interest rate by 25 basis points to 4.75%. We’ve come a long way in the fight against inflation. And our confidence that inflation will continue to move closer to the 2% target has increased over recent months. The considerable progress we’ve made to restore price stability is welcome news for Canadians. Since our Monetary Policy Report in April, underlying inflation has continued to ease and economic growth has resumed. With the economy in excess supply, there is room for growth even as inflation continues to recede. Let me provide a little more detail about these dynamics. After stalling in the second half of last year, economic growth picked up in the first quarter of this year. At 1.7%, growth was lower than projected in the April report. But consumption growth was solid at about 3%, and business investment and housing activity also increased. In the labour market, businesses are continuing to hire workers. Employment has been growing, but at a slower pace than the working-age population. This has allow post: BoC’s Macklem: Timing Of Further Cuts Depends On Data, Will Be Taking Decisions One Meeting At A Time post:
*MACKLEM: PATH OF INTEREST RATES LIKELY TO BE GRADUAL post:
*MACKLEM: DON'T NEED TO MOVE IN LOCKSTEP WITH FEDERAL RESERVE post: BoC’s Macklem: There Are Limits To How Far BoC Can Diverge From Fed; Currently Not Close To Limits
- From bankofcanada.ca|Jun 5, 2024
Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers answer reporters’ questions following the policy rate decision.
- From scotiabank.com|Jun 1, 2024
Major developments beckon this week that could inform broad global and regional macro risks. To date, none of the world’s most powerful central banks have begun easing policy. Several central banks have already been cutting and for some time across places such as Latin America, Switzerland, and Sweden, but this week might kick it up a few notches with the ECB most likely to lead the charge. The Bank of Canada’s decision is much more uncertain. It could go either way. I’ve laid out the case for going now, the case for waiting, and ...
- 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 scotiabank.com|Mar 6, 2024
The Bank of Canada met our expectations for it to lean against any sentiment it was moving toward easing policy in the near-term. Advice to pay nearer term contracts continues to pay off for institutional clients and we remain comfortable with a call for the first cut to be delivered only by the September meeting and a lot has to go right to even get to that. The broad takeaways include basically ruling out easing in April while setting a high bar to act any time soon thereafter alongside a more explicit warning on the Spring housing ...
- From @financialjuice|Mar 6, 2024
post:
BOC'S SENIOR DEP. GOV. ROGERS: WE HAVE OUT EYES ON COMMERCIAL REAL ESTATE, EXPOSURE IN CANADA SPREADS MORE BROADLY.
Released on Jun 5, 2024 |
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Released on Apr 10, 2024 |
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Released on Mar 6, 2024 |
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