We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.

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June 2, 2022

Navigating high inflation

Speech summary Paul Beaudry Gatineau Chamber of Commerce Gatineau, Quebec
On June 1, the Bank of Canada decided to increase its policy interest rate by half a percentage point. Speaking the next day, Deputy Governor Paul Beaudry explains why inflation has been higher than expected and what we are doing to get it back to our 2% target.

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Schedule of Key Interest Rate Announcements and Monetary Policy Report

Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.