Analysis and comments regarding the management and application of monetary policies by major central banks. Published several times each month.
- The ECB Raises Rates Another 25 Basis Points, and There's More to Come
(PDF, 266 KB) - This link will open in a new window.
- June 15, 2023
- A Pause, but Not the End of Rate Hikes (PDF, 265 KB) - This link will open in a new window.
- June 15, 2023 - The Fed Raises Rates Another 25bp in What Could Be Its Last Hike of the Cycle
(PDF, 265 KB) - This link will open in a new window.
- May 3, 2023 - Caught between a Rock and a Hard Place, the Fed Raises Rates 25 Points
(PDF, 267 KB) - This link will open in a new window.
- March 22, 2023 - LongAwaited Central Bank Pause Officially Begins (PDF, 1.70 MB) - This link will open in a new window.
- March 8, 2023 - Central Banks in Europe: The European Central Bank and Bank of England Raise Rates
Another 50 Points (PDF, 1.69 MB) - This link will open in a new window.
- February 2, 2023 - Federal Reserve: The Fed Slows Rate Hikes Again (PDF, 1.70 MB) - This link will open in a new window.
- February 1, 2023 - Bank of Canada: In Like a Lion, Out Like a Lamb in 2023?
(PDF, 1.69 MB) - This link will open in a new window.
- January 25, 2023
- Central Banks in Europe: Monetary Tightening Continues in Europe, With 50 Bps
Rate Hikes in the Eurozone and the United Kingdom (PDF, 1.66 MB) - This link will open in a new window.
- December 15, 2022 - The Federal Reserve Starts Slowing Rate Hikes (PDF, 1.65 MB) - This link will open in a new window.
- December 14, 2022 - Bank of Canada: Wait-and-See Mode Begins After Another Big Hike
(PDF, 1.65 MB) - This link will open in a new window.
- December 7, 2022 - The Federal Reserve Increases Another 75 Points, but Could Soon Slow the
Pace of Hikes (PDF, 1.65 MB) - This link will open in a new window.
- November 2, 2022 - As Housing Activity Sinks, the Bank of Canada Blinks
(PDF, 1.71 MB) - This link will open in a new window.
- October 26, 2022 - The Federal Reserve Raises Rates Another 75 Points in Its Ongoing Battle
against Inflation (PDF, 1.66 MB) - This link will open in a new window.
- September 21, 2022 - The European Central Bank Kicks Monetary Tightening into High Gear (PDF, 1.67 MB) - This link will
open in a new window.
- September 8, 2022 - Looking for relief on rates? Don't look to the BoC (PDF, 1.66 MB) - This link will open in a new
window.
- September 7, 2022 - Federal Reserve: Steep but Steady Rate Hikes to Slow Growth Sharply in 2023 (PDF, 1.65 MB) - This
link will open in a new window.
- July 27, 2022 - European Central Bank Ends Era of Negative Interest Rates (PDF, 1.65 MB) - This link will open in
a new window.
- July 21, 2022 - Bank of Canada: Colossal rate hike aims to lower actual and expected inflation (PDF, 1.75 MB) - This link will open in a new window.
- July 13, 2022 - Federal Reserve Announces Biggest Rate Hike since 1994 (PDF, 1.65 MB) - This link will open in a new
window.
- June 15, 2022 - The European Central Bank Schedules Liftoff for July (PDF, 1.65 MB) - This link will open in a new
window.
- June 9, 2022 - Bank of Canada: Speeding towards Neutral (PDF, 261 KB) - This link will open in a new
window.
- June 1, 2022 - The Federal Reserve Kicks Monetary Tightening into High Gear (PDF, 263 KB) - This link will open in a
new window.
- May 4, 2022 - Bank of Canada: "Shock and awe" of a supersized rate hike plus QT (PDF, 267 KB) - This link will
open in a new window.
- April 13, 2022 - Federal Reserve: We Have Liftoff—and More Rate Hikes to Come (PDF, 262 KB) - This link will open in a
new window.
- March 16, 2022 - Bank of Canada: Liftoff Begins (PDF, 270 KB) - This link will open in a new window.
- March 2, 2022 - Central Banks in Europe: A Second Straight Rate Hike for the United Kingdom (PDF, 269 KB) - This link
will open in a new window.
- February 3, 2022 - Federal Reserve: Rake Hikes Coming Soon (PDF, 298 KB) - This link will open in a new
window.
- January 26, 2022 - Bank of Canada: Rate Hikes Very Likely as Early as March (PDF, 307 KB) - This link will open in a
new window.
- January 26, 2022
- Central Banks in Europe: Interest Rate Hikes Announced in the United Kingdom and Norway to Counter Inflation (PDF, 274 KB) - This link will open in a new window.
- December 16, 2021 - The Federal Reserve Doubles the Taper Pace and Signals Key Rate Hikes in 2022 (PDF, 268 KB) - This
link will open in a new window.
- December 15, 2021 - Bank of Canada: Monetary Authorities Stay the Course Despite Improved Economic Conditions and High Inflation (PDF, 264 KB) - This link will open in a new window.
- December 8, 2021 - The Federal Reserve Starts to Taper Its Asset Purchases (PDF, 263 KB) - This link will open in a new
window.
- November 3, 2021 - The Bank of Canada Pulls the Plug on QE (PDF, 263 KB) - This link will open in a new
window.
- October 27, 2021 - Federal Reserve: Another Step toward a Tapering of Asset Purchases (PDF, 267 KB) - This link will open
in a new window.
- September 22, 2021 - Bank of Canada: Monetary Authorities Stay the Course (PDF, 271 KB) - This link will open in a new
window.
- September 8, 2021 - Federal Reserve: One Small Step Closer to Tapering Bond Purchases (PDF, 262 KB) - This link will open
in a new window.
- July 28, 2021 - Bank of Canada: Monetary Authorities Dial Back QE Purchases and Revise Their Inflation Forecasts Upwards (PDF, 265 KB) - This link will open in a new window.
- July 14, 2021 - Federal Reserve: First Signs of Monetary Policy Normalization (PDF, 264 KB) - This link will open in a
new window.
- June 16, 2021 - Bank of Canada: No Change in Monetary Policy (PDF, 272 KB) - This link will open in a new
window.
- June 9, 2021 - The Federal Reserve Is Not Yet Ready to Adjust Its Monetary Policy (PDF, 263 KB) - This link will open
in a new window.
- April 28, 2021 - Bank of Canada: Monetary Authorities to Dial Back QE Purchases (PDF, 272 KB) - This link will open
in a new window.
- April 21, 2021 - The Federal Reserve Upgrades Its Economic Forecasts but Signals No Monetary Policy Change (PDF, 264 KB) - This link will open in a new window.
- March 17, 2021 - Bank of Canada: Monetary Authorities Stay the Course despite the Improved Economic Outlook (PDF, 269 KB) - This link will open in a new window.
- March 10, 2021 - The Federal Reserve Seems Increasingly Concerned about the Current Situation (PDF, 263 KB) - This link
will open in a new window.
- January 27, 2021 - Bank of Canada: The Monetary Authorities Have Closed the Door on Lowering the Target Rate (PDF, 311 KB) - This link will open in a new window.
- January 20, 2021
- The Federal Reserve Stays the Course and Will Continue to Support the Economy and Markets (PDF, 265 KB) - This link will open in a new window.
- December 16, 2020 - European Central Bank: Several Measures Introduced to Offset the Impact of COVID-19's Second Wave on the Economy (PDF, 266 KB) - This link will open in a new window.
- December 10, 2020 - Bank of Canada: As Anticipated, Key Interest Rates Stay at Their Effective Lower Bound (PDF, 272 KB) - This link will open in a new window.
- December 9, 2020 - Federal Reserve Keeps a Low Profile but Is Ready to Take More Action (PDF, 263 KB) - This link will
open in a new window.
- November 5, 2020 - Bank of Canada: Key Rates Will Probably Stay at Their Lower Bound until 2023 (PDF, 271 KB) - This link will open in a new window.
- October 28, 2020 - Willing to Accept Higher Inflation, the Federal Reserve Signals Its Intent to Keep Rates at Their Effective Lower Bound for Some Time
(PDF, 264 KB) - This link will open in a new window.
- September 16, 2020 - Bank of Canada: Monetary Authorities Will Keep Giving the Economy Extraordinary Support (PDF, 272 KB) - This link will open in a new window.
- September 9, 2020 - The Federal Reserve Is Determined to Do Its Utmost to Promote the Recovery (PDF, 264 KB) - This link
will open in a new window.
- July 29, 2020 - Bank of Canada: Key Rates Will Remain at Their Floor for Many More Quarters (PDF, 269 KB) - This
link will open in a new window.
- July 15, 2020 - Federal Reserve: Key Rates to Remain at Their Floor for Some Time (PDF, 266 KB) - This link will open
in a new window.
- June 10, 2020 - The Bank of Canada Cuts Back on Some Market Operations
The New Governor Takes Up His Office (PDF, 273 KB) - This link will open in a new window.
- June 3, 2020 - The Federal Reserve Remains Fully Committed to Supporting the Economy (PDF, 267 KB) - This link will
open in a new window.
- April 29, 2020 - Key Rates Hold at Their Effective Lower Bound
The Bank of Canada Expands Its Market Operations (PDF, 272 KB) - This link will open in a new window.
- April 15, 2020 - Key Rates Hit All-Time Lows
The Bank of Canada Announces Two Securities Purchase Programs (PDF, 262 KB) - This link will open in a new window.
- March 27, 2020 - The Federal Reserve Rolls Out the Heavy Artillery: A 100-Point Drop and at Least US$700B in Securities Purchases (PDF, 260 KB) - This link will open in a new window.
- March 16, 2020 - European Central Bank: No Rate Cut, but Measures to Avoid a Liquidity Crisis (PDF, 262 KB) - This
link will open in a new window.
- March 12, 2020 - Bank of Canada: Concerns over COVID-19 Take Key Rates Down by 50 Basis Points (PDF, 262 KB) - This link will open in a new window.
- March 4, 2020 - Federal Reserve Cuts Key Rates in Response to Risks Associated with the Coronavirus (PDF, 284 KB) - This link will open in a new window.
- March 3, 2020 - The Federal Reserve Is Comfortable with Its Current Policy (PDF, 261 KB) - This link will open in a new
window.
- January 29, 2020 - Bank of Canada: Monetary Authorities Concerned over the Recent Slowdown (PDF, 262 KB) - This link
will open in a new window.
- January 22, 2020
- Federal Reserve: The Start of a Status Quo Period (PDF, 265 KB) - This link will open in a new
window.
- December 11, 2019 - Bank of Canada: Continued Status Quo for Key Interest Rates (PDF, 264 KB) - This link will open in
a new window.
- December 4, 2019 - Federal Reserve: One Last Rate Cut? (PDF, 263 KB) - This link will open in a new window.
- October 30, 2019 - Bank of Canada: No Rate Cuts as Long as the Canadian Economy Stays Resilient (PDF, 286 KB) - This
link will open in a new window.
- October 30, 2019 - Federal Reserve: The Mid-Cycle Adjustment Continues (PDF, 263 KB) - This link will open in a new
window.
- September 18, 2019 - European Central Bank: The Deposit Rate Is Set Deeper into Negative Territory (PDF, 271 KB) - This
link will open in a new window.
- September 12, 2019 - Bank of Canada: Monetary Authorities Don't Dismiss the Possibility of Easing Key Interest Rates (PDF, 271 KB) - This link will open in a new window.
- September 4, 2019 - Federal Reserve: First U.S. Key Rate Cut in over Ten Years, but What Will Happen Next Is Unclear (PDF, 262 KB) - This link will open in a new window.
- July 31, 2019 - Bank of Canada: Unlike in the United States, Key Rates Are Not Expected to Move Anytime Soon (PDF, 263 KB) - This link will open in a new window.
- July 10, 2019 - The Federal Reserve Opens the Door to Future Rate Cuts (PDF, 263 KB) - This link will open in a new
window.
- June 19, 2019 - European Central Bank: Interest Rate Increases Are Being Postponed until Later Due to Many Sources of Uncertainty (PDF, 264 KB) - This link will open in a new window.
- June 6, 2019 - Bank of Canada: Key Interest Rates Remain Unchanged, While the Economic Outlook Is More Reassuring (PDF, 1.77 MB) - This link will open in a new window.
- May 29, 2019 - Slightly Stronger Economic Growth and Slightly Weaker Inflation: The Federal Reserve Maintains the Status Quo (PDF, 1.76 MB) - This link will open in a new window.
- May 1st, 2019 - Bank of Canada: Monetary Authorities Downgrade Their Projections (PDF, 1.77 MB) - This link will
open in a new window.
- April 24, 2019 - The Federal Reserve Suggests Maintaining the Status Quo throughout the Year and Will Stop Reducing Its Balance Sheet (PDF, 1.76 MB) - This link will open in a new window.
- March 20, 2019 - Bank of Canada: A Long Pause as Economic Conditions Become Unclear (PDF, 1.76 MB) - This link will
open in a new window.
- March 6, 2019 - The Federal Reserve, Taking a "Patient" Approach, Is No Longer Talking Rate Hikes (PDF, 1.76 MB) - This
link will open in a new window.
- January 30, 2019 - Bank of Canada: Status Quo to Be Maintained as Uncertainty Mounts (PDF, 1.76 MB) - This link will
open in a new window.
- January 9, 2019
- The Federal Reserve Raises Its Rates—in Spite of Donald Trump and the Markets—but Signals Fewer Hikes in Future
(PDF, 1.76 MB) - This link will open in a new window.
- December 19, 2018 - Bank of Canada: Key Rates Hold... a Break That Could Last a Few Months (PDF, 1.77 MB) - This link
will open in a new window.
- December 5, 2018 - The Federal Reserve Opts for the Status Quo (PDF, 1.76 MB) - This link will open in a new
window.
- November 8, 2018 - Bank of Canada: The Decline in Uncertainty Opens the Door to Further Rate Increases (PDF, 1.76 MB) - This link will open in a new window.
- October 24, 2018 - Federal Reserve: Rate Hike Pace Maintained (PDF, 1.76 MB) - This link will open in a new
window.
- September 26, 2018 - Bank of Canada: Status Quo for Key Rates, Pending Another Hike in October (PDF, 1.77 MB) - This
link will open in a new window.
- September 5, 2018 - The Federal Reserve Will Continue to Increase Interest Rates (PDF, 1.75 MB) - This link will open in a new
window.
- August 1st, 2018 - Bank of Canada: Another Key Rate Hike, but Trade Tensions Are Cause for Concern (PDF, 1.75 MB) - This link will open in a new window.
- July 11, 2018 - European Central Bank: The Bond-Buying Program Will End in December 2018, but No Quick Key Rate Increases Are Expected
(PDF, 1.77 MB) - This link will open in a new window.
- June 14, 2018 - The Federal Reserve Raises Rates and Signals Two More Hikes in 2018 (PDF, 1.76 MB) - This link
will open in a new window.
- June 13, 2018 - Bank of Canada: Another Status Quo on Key Rates... but an Increase Should Be Forthcoming in July (PDF, 1.77 MB) - This link will open in a new window.
- May 30, 2018 - The Federal Reserve Seems Poised to Continue Raising Key Rates in June (PDF, 1.68 MB) - This link will
open in a new window.
- May 2nd, 2018 - Bank of Canada: Status Quo for Now... but Expect a New Rate Hike Soon (PDF, 1.69 MB) - This link
will open in a new window.
- April 18, 2018 - Federal Reserve: Jerome Powell Starts His Mandate with a Rate Hike (PDF, 1773 KB) - This link will
open in a new window.
- March 21st, 2018 - Bank of Canada: The Status Quo as Uncertainty Mounts (PDF, 1768 KB) - This link will open in a new
window.
- March 7, 2018 - Federal Reserve: No Surprises during the Last Meeting Chaired by Janet Yellen (PDF, 1771 KB) - This link will open in a new window.
- January 31st, 2018 - Bank of Canada: Key Interest Rates Continue Their Gradual Climb to a Less Expansionary Level (PDF, 1780 KB) - This link will open in a new window.
- January 17, 2018
- The Last Rate Hike for Janet Yellen... But Not for the Federal Reserve (PDF, 1772 KB) - This link
will open in a new window.
- December 13, 2017 - Bank of Canada: The Break From Monetary Tightening Continues (PDF, 1781 KB) - This link will open
in a new window.
- December 6, 2017 - Federal Reserve: Solid Growth Points to a Rate Hike in December (PDF, 1771 KB) - This link will open in a
new window.
- November 1st, 2017 - European Central Bank: Reduction in Securities Purchases Finally Confirmed (PDF, 1794 KB) - This
link will open in a new window.
- October 26, 2017 - Bank of Canada: A Break From Monetary Tightening (PDF, 1771 KB) - This link will open in a new
window.
- October 25, 2017 - The Time Has Come for the Federal Reserve to Downsize its Balance Sheet (PDF, 1772 KB) - This link will
open in a new window.
- September 20, 2017 - European Central Bank: A Higher Euro Adds Uncertainty (PDF, 1794 KB) - This link will open in a
new window.
- September 7, 2017 - Bank of Canada: A Second Consecutive Key Rate Hike (PDF, 1777 KB) - This link will open in a new
window.
- September 6, 2017 - Federal Reserve: One Small Step Closer to the Normalization of the Balance Sheet (PDF, 1770 KB) - This link
will open in a new window.
- July 26, 2017 - Encouraged by the Economy's Performance, the Bank of Canada Begins Raising Rates (PDF, 1777 KB) - This link will open in a new window.
- July 12, 2017 - Federal Reserve: Another Rate Increase Despite Low Inflation (PDF, 1772 KB) - This link will open in a
new window.
- June 14, 2017 - European Central Bank: Upgraded Economic Growth Forecasts Change the Tone (PDF, 1793 KB) - This link will
open in a new window.
- June 8, 2017 - Bank of Canada: Monetary Authorities Remain Cautious Although Economic Conditions Have Improved (PDF, 303 KB) - This link will open in a new window.
- May 24, 2017 - Federal Reserve: No Clear Signal About Further Firming in June (PDF, 297 KB) - This link will open in a
new window.
- May 3rd, 2017 - The Bank of Canada Remains Cautious Despite Brighter Economic Conditions (PDF, 305 KB) - This link will open
in a new window.
- April 12, 2017 - Federal Reserve: A Third Key Rate Increase! (PDF, 297 KB) - This link will open in a new
window.
- March 15, 2017 - Bank of Canada: The surplus capacity remains high according to the monetary authorities (PDF, 323 KB) - This
link will open in a new window.
- March 1, 2017 - The Federal Reserve does not signal imminent key rate increases (PDF, 297 KB) - This link will open in
a new window.
- February 1, 2017 - Bank of Canada: Uncertainties remain front and centre (PDF, 303 KB) - This link will open in a new
window.
- January 18, 2017
- The Federal Reserve finally calls for a second rate hike! (PDF, 253 KB) - This link will open in a new
window.
- December 14, 2016 - European Central Bank: Securities purchases extended until December 2017, but at a slower pace (PDF, 251 KB) - This link will open in a new window.
- December 8, 2016 - Bank of Canada: No key rate cut on the horizon...but the status quo will be extended (PDF, 303 KB) - This
link will open in a new window.
- December 7, 2016 - Federal Reserve: Heading toward a rate hike in December? (PDF, 265 KB) - This link will open in a new
window.
- November 2, 2016 - Bank of Canada: The monetary authorities are lowering their economic projections (PDF, 501 KB) - This link
will open in a new window.
- October 19, 2016 - Federal Reserve: No rate increase yet, but the door is wide open (PDF, 262 KB) - This link will open in
a new window.
- September 21, 2016 - Bank of Canada: Monetary authorities stay the course despite the economic difficulties (PDF, 249 KB) - This
link will open in a new window.
- September 7, 2016 - The Bank of England adopts several measures to support the British economy (PDF, 264 KB) - This
link will open in a new window.
- August 4, 2016 - Federal Reserve leaders are less worried (PDF, 257 KB) - This link will open in a new window.
- July 27, 2016 - Bank of England: Monetary easing postponed to August 4 (PDF, 284 KB) - This link will open in a new
window.
- July 14, 2016 - The Bank of Canada remains confident despite the uncertainties (PDF, 293 KB) - This link will open in a new
window.
- July 13, 2016 - Federal Reserve: Employment and Brexit keep key rates from going up (PDF, 262 KB) - This link will open
in a new window.
- June 15, 2016 - Bank of Canada: As expected, monetary policy status quo is still the way to go (PDF, 279 KB) - This link
will open in a new window.
- May 25, 2016 - Federal Reserve: Still some doubt about a rate hike in June (PDF, 261 KB) - This link will open in a
new window.
- April 27, 2016 - Key rates remain where they are, again
The Bank of Canada's scenario is now consistent with most forecasts (PDF, 258 KB) - This link will open in a new window.
- April 13, 2016 - Federal Reserve: Not ready for a second rate hike (PDF, 227 KB) - This link will open in a new
window.
- March 16, 2016 - European Central Bank: A last big push? (PDF, 262 KB) - This link will open in a new window.
- March 10, 2016 - Bank of Canada: Ongoing status quo for monetary policy (PDF, 283 KB) - This link will open in a new
window.
- March 9, 2016 - One of the many breaks to be taken by the Federal Reserve (PDF, 227 KB) - This link will open in a new
window.
- January 27, 2016 - Bank of Canada: Key interest rates ultimately remain unchanged (PDF, 371 KB) - This link will open in a new
window.
- January 20, 2016
- Federal Reserve: The (widely anticipated) end of an era (PDF, 234 KB) - This link will open in a new
window.
- December 16, 2015 - European Central Bank: A little of everything, except acceleration in asset purchases (PDF, 281 KB) - This link will open in a new window.
- December 3, 2015 - Bank of Canada : Key interest rates do not change (PDF, 286 KB) - This link will open in a new
window.
- December 2, 2015 - Federal Reserve: The door is still ajar (PDF, 341 KB) - This link will open in a new
window.
- October 28, 2015 - European Central Bank: All possibilities are on the table, even another cut in interest rates (PDF, 355 KB) - This link will open in a new window.
- October 22, 2015 - Key interest rates stay where they are
Bank of Canada projections are slightly downgraded (PDF, 344 KB) - This link will open in a new window.
- October 21, 2015 - Federal Reserve: Not ready yet... (PDF, 318 KB) - This link will open in a new
window.
- September 17, 2015 - Bank of Canada: Key interest rates do not change
Toward an extended status quo for the target for the overnight rate (PDF, 346 KB) - This link will open in a new window.
- September 9, 2015 - European Central Bank: A dovish tone that should put more pressure on the euro (PDF, 350 KB) - This link
will open in a new window.
- September 3, 2015 - The Federal Reserve stretches the suspense to September (PDF, 349 KB) - This link will open in a new
window.
- July 29, 2015 - Bank of Canada: New decrease in key rates
The Bank of Canada expects a short technical recession (PDF, 339 KB) - This link will open in a new window.
- July 15, 2015 - The Federal Reserve seems encouraged and ready to raise key rates this year (PDF, 347 KB) - This link
will open in a new window.
- June 17, 2015 - Bank of Canada: Key interest rates do not change
A lot of hope rests on growth rebounding in the second quarter (PDF, 353 KB) - This link will open in a new window.
- May 27, 2015 - The Federal Reserve remains optimistic despite a gloomier view of economic conditions (PDF, 342 KB) - This link will open in a new window.
- April 29, 2015 - Bank of Canada: Key interest rates are unchanged
Drop in oil prices having a more rapid impact (PDF, 341 KB) - This link will open in a new window.
- April 15, 2015 - Federal Reserve: Neither patient, nor impatient (PDF, 338 KB) - This link will open in a new
window.
- March 18, 2015 - Bank of Canada: Unless things go off the rails again, there should be no more cuts in key interest rates
The surprise rate cut in January was enough! (PDF, 355 KB) - This link will open in a new window.
- March 4, 2015 - Federal Reserve: A solid pace for economic growth, but... (PDF, 349 KB) - This link will open in a new
window.
- January 28, 2015 - European Central Bank: Purchases of sovereign bonds will start in March (PDF, 336 KB) - This link will
open in a new window.
- January 22, 2015 - Bank of Canada: Key interest rates lowered in a surprise move
The target for the overnight rate drops from 1.00% to 0.75% (PDF, 349 KB) - This link will open in a new window.
- January 21, 2015
- Federal Reserve: Patience... (PDF, 312 KB) - This link will open in a new window.
- December 17, 2014 - The target for the overnight rate stays at 1.00%
The Bank of Canada notes some improvement in economic conditions
- December 3, 2014 - Federal Reserve: The end of QE3 (PDF, 344 KB) - This link will open in a new window.
- October 29, 2014 - The target for the overnight rate stays at 1.00%
The Bank of Canada is more concerned about imbalances in the household sector (PDF, 333 KB) - This link will open in a new window.
- October 22, 2014 - European Central Bank: A new suite of measures (PDF, 337 KB) - This link will open in a new window.
- September 4, 2014 - The target for the overnight rate stays at 1.00%
The Bank of Canada remains neutral about the next key rate change (PDF, 335 KB) - This link will open in a new window.
- September 3, 2014 - The Federal Reserve stays on course (PDF, 339 KB) - This link will open in a new window.
- July 30, 2014 - Bank of Canada: Inflation risks now seem balanced (PDF, 371 KB) - This link will open in a new window.
- July 16, 2014 - The Federal Reserve downgrades its growth forecast (PDF, 337 KB) - This link will open in a new window.
- June 18, 2014 - Here we are: Negative interest rate and even more for the European Central Bank (PDF, 336
KB) - This link will open in a new window.
- June 5, 2014 - Bank of Canada: Inflation is recovering, but worries increase about the economy (PDF, 370
KB) - This link will open in a new window.
- June 4, 2014 - The Federal Reserve is not worried about weak economic growth (PDF, 342 KB) - This link will open in a new window.
- April 30, 2014 - Bank of Canada: Inflation will return soon near its 2% target (PDF, 345 KB) - This link will open in a new window.
- April 16, 2014 - European Central Bank: The waiting continues (PDF, 322 KB) - This link will open in a new window.
- April 3, 2014 - Federal Reserve: Yellen and colleagues give themselves more flexibility (PDF, 357 KB) - This link will open in a new window.
- March 19, 2014 - European Central Bank: The status quo is being maintained despite weak forecast inflation (PDF, 366 KB) - This link will open in a new window.
- March 6, 2014 - Bank of Canada: The target for the overnight rate stays at 1.00%
Monetary authorities haven't changed their stance (PDF, 357 KB) - This link will open in a new window.
- March 5, 2014 - Federal Reserve: Securities purchases continue to wind down (PDF, 334 KB) - This link will open in a new window.
- January 29, 2014 - The target for the overnight rate stays at 1.00%
The Bank of Canada is raising its forecasts... but there are still major risks (PDF, 337 KB) - This link will open in a new window.
- January 22, 2014
- Federal Reserve: Securities purchases begin to wind down (PDF, 342 KB) - This link will open in a new window.
- December 18, 2013 - The target for the overnight rate stays at 1.00%
The Bank of Canada believes downside risks to inflation are more extensive (PDF, 356 KB) - This link will open in a new window.
- December 4, 2013 - European Central Bank: Euro zone key interest rates are lowered (PDF, 347 KB) - This link will open in a new window.
- November 7, 2013 - Federal Reserve: A touch less dovish than expected (PDF, 350 KB) - This link will open in a new window.
- October 30, 2013 - The target for the overnight rate stays at 1.00%
The Bank of Canada softens its stance (PDF, 346 KB) - This link will open in a new window.
- October 23, 2013 - Federal Reserve: No tapering of asset purchases (PDF, 335 KB) - This link will open in a new window.
- September 18, 2013 - Bank of Canada: The target for the overnight rate to remain at 1.00%
The short-term outlook appears more uncertain (PDF, 338 KB) - This link will open in a new window.
- September 4, 2013 - Monetary policies remain unchanged in Europe (PDF, 349 KB) - This link will open in a new window.
- August 1, 2013 - The Federal Reserve is a bit more dovish, but is not closing the door on slowing QE3 (PDF, 338 KB) - This link will open in a new window.
- July 31, 2013 - The underlying message is little changed: a long status quo for the Bank of Canada (PDF, 51.6 KB) - This link will open in a new window.
- July 17, 2013 - Bank of England – European Central Bank: Foward guidance gains popularity in Europe
(PDF, 96.0 KB) - This link will open in a new window.
- July 4, 2013 - Federal Reserve: Ben Bernanke opens the door to a tapering of asset purchases (PDF, 52.7 KB) - This link will open in a new window.
- June 19, 2013 - European Central Bank: Mario Draghi dampens expectations (PDF, 54.5 KB) - This link will open in a new window.
- June 6, 2013 - The target for the overnight rate stays at 1.00%
Little change to the Bank of Canada's stance (PDF, 51.8 KB) - This link will open in a new window.
- May 29, 2013 - European Central Bank: Key interest rates are cut to a new low (PDF, 100 KB) - This link will open in a new window.
- May 2, 2013 - The Federal Reserve says it is ready to increase or reduce its asset purchases (PDF, 94.5 KB) - This link will open in a new window.
- May 1, 2013 - Continued status quo for key interest rates
The Bank of Canada lowers its outlook for economic growth (PDF, 93.7 KB) - This link will open in a new window.
- April 17, 2013 - Overseas central bank: Japan redoubles its efforts while Europe is on hold (PDF, 96.2 KB) - This link will open in a new window.
- April 4, 2013 - The Federal Reserve determined to stay the course (PDF, 94.4 KB) - This link will open in a new window.
- March 20, 2013 - The target for the overnight rate stays at 1.00%
Once again, the Bank of Canada softens its remarks somewhat (PDF, 94.6 KB) - This link will open in a new window.
- March 6, 2013 - Banks repay their loans to the European Central Bank (PDF, 99.6 KB) - This link will open in a new window.
- February 7, 2013 - The dip in real GDP does not disturb the Federal Reserve (PDF, 95.5 KB) - This link will open in a new window.
- January 30, 2013 - The target for the overnight rate stays at 1.00%
The Bank of Canada expects to have to postpone rate increases (PDF, 94.0 KB) - This link will open in a new window.
- January 23, 2013 - European Central Bank: No rate cut as financial variables improve (PDF, 100 KB) - This link will open in a new window.
- January 10, 2013