-
2 months ago | 
bankofcanada.ca | Tiff Macklem
FR Opening statement Content Type(s): Press, Speeches and appearances, Opening statements
-
Dec 11, 2024 | 
caribbeannewsglobal.com | Tiff Macklem
By Tiff MacklemToday, we lowered the policy interest rates by 50 basis points. This is our fifth consecutive decrease since June and brings our policy rate to 3¼ percent. Monetary policy has worked to bring inflation back to the 2 percent target. Our policy focus now is to keep inflation close to target. Bank of Canada reduces policy rate by 50 basis points to 3¼ percentLet me outline what we’re seeing in the economy, and how that played into our decision.
-
Oct 30, 2024 | 
bankofcanada.ca | Tiff Macklem
Opening statement Senate Standing Committee on Banking, Commerce and the Economy Available as: PDF Good afternoon. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monetary Policy Report.
Last week, we lowered the policy interest rate by 50 basis points. It was our fourth consecutive decrease since June and brings our policy rate to 3.75%.
-
Oct 29, 2024 | 
bankofcanada.ca | Tiff Macklem
Opening statement House of Commons Standing Committee on Finance Available as: PDF Good afternoon. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monetary Policy Report.
Last week, we lowered the policy interest rate by 50 basis points. It was our fourth consecutive decrease since June and brings our policy rate to 3.75%.
-
Oct 23, 2024 | 
bankofcanada.ca | Tiff Macklem
FR Opening statement Content Type(s): Press, Speeches and appearances, Opening statements
-
Sep 25, 2024 | 
bis.org | Tiff Macklem
Good afternoon. I want to thank the Institute of International Finance and the Canadian Bankers Association for inviting me to take part in your 2024 Forum. Your focus on growth during uncertainty is timely. Uncertainty feels like the new reality: The uncertainty caused by war in Europe and in the Middle East. The uncertainties arising from geopolitical tensions and economic fragmentation. And the related uncertainties about supply chains, trading relationships and global investment risks.
-
Sep 24, 2024 | 
bankofcanada.ca | Tiff Macklem
Remarks IIF-CBA Forum Available as: PDF Good afternoon. I want to thank the Institute of International Finance and the Canadian Bankers Association for inviting me to take part in your 2024 Forum.
Your focus on growth during uncertainty is timely. Uncertainty feels like the new reality: The uncertainty caused by war in Europe and in the Middle East. The uncertainties arising from geopolitical tensions and economic fragmentation.
-
Sep 24, 2024 | 
bis.org | Tiff Macklem
Around the world, digitalization is pulling economies in new directions. Artificial intelligence (AI)-and particularly its offspring, generative AI (GenAI)-are accelerating this pull. It's still early days, but AI is already disrupting existing industries and creating new ones. How AI will affect the global economy-and indeed humanity-is on all our minds. It's easy to find enthusiasts who say AI will take us to a land of plenty.
-
Sep 20, 2024 | 
bankofcanada.ca | Tiff Macklem
Remarks National Bureau of Economic Research, Economics of Artificial Intelligence Conference Available as: PDF Introduction
Around the world, digitalization is pulling economies in new directions. Artificial intelligence (AI)—and particularly its offspring, generative AI (GenAI)—are accelerating this pull. It’s still early days, but AI is already disrupting existing industries and creating new ones.
-
Sep 11, 2024 | 
bis.org | Tiff Macklem
The last time a Bank of Canada governor spoke to the Canada-UK Chamber of Commerce it was 2018. My predecessor, Stephen Poloz, spoke to you about low global interest rates, the steady reduction of inflation risks and the successful conclusion of the North American trade negotiations. Brexit was in motion but not yet a reality. How the world has changed in just six years. The pandemic, Russia's unprovoked invasion of Ukraine, and a global battle against inflation have altered the economic landscape.
