Tuesday 20 October 2015

2015-11 Monetary policy decision of the Bank of Canada

Here is a page on upcoming events from the Bank of Canada.
Today at 10:00 the Bank of Canada will announce its interest rate decision, and publish the Monetary Policy Report. As these announcements can influence markets, there is an embargo on releasing the information until 10am.
Note the frequency: the Bank of Canada announces the interest rate decision 8 times a year (about every 6 weeks). The dates of these decisions are pre-announced, as the Bank does not want to surprise the markets. In extraordinary situations, there may be an unscheduled decision.
The Monetary Policy Report is published 4 times a year. It contains the assessment of the economy by the Bank staff, and provides indication of the likely direction of monetary policy.

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