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 50 basis points to 3¾%

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2024-10-23 14:00:35

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 has worked to reduce price pressures in the Canadian economy. Inflation is now around 2% and is expected to remain near the middle of the Bank of Canada’s control range of 1% to 3% over the projection.

Release of the Monetary Policy Report – Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (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.