We aim to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks. We�

Bank of Canada reduces policy rate by 25 basis points to 4¼%

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2024-09-04 14:00:06

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.

We’ve started the design process for the new $20 bank note featuring His Majesty King Charles III. See more about the new note and our design process.

Monetary policy is working to reduce price pressures in the Canadian economy. Core inflation is expected to ease gradually, while the path of CPI inflation will be bumpy. Inflation returns sustainably to the 2% target in the second half of 2025.

Interest Rate Announcement — Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers (10:30 (ET) approx.).

These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.