Bank of Canada (BoC)
Banknotes: January to March 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Central banks step up dollar liquidity support
But initial auction results show little evidence of pressure on dollar funding
Book notes: The next age of uncertainty, by Stephen Poloz
This book provides a well-informed and well-argued view about our economic future
Colombia central bank transfers $1.6 billion to government
Country escapes trend of central bank losses
Bank of Canada paper tests ‘inflation tax’ in lab experiment
Experimental design could be used to test other aspects of monetary policy, researchers say
Bank of Canada officials explain monetary policy transition
Central bank publishes first record of monetary policy meeting discussions
Canadian governor rules out early rate cuts
Macklem says bar for rate rises has risen and he cannot rule out “mild recession”
Rates round-up: Canada to pause after 25bp rate rise
Thailand ups 25bp; Nigeria increases sharply; Angola opts for cut; and more
Federal Reserve saw fall in profits in 2022
Central bank remitted $76 billion to US Treasury, but has been in red since September
Bank of Canada may be set for billions of losses
Think-tank warns losses could pose reputational risk for central bank
There’s work to be done on RTGS contingencies
Central bankers from Canada, Thailand, Singapore and Brazil discuss RTGS backup planning, including how redundancy, cost and complexity prevent central banks from operating more contingency sites
Bank of Canada raises rates again
Central bank notes growth is stalling and will consider if more raises are needed
Banknotes: October to December 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Bank of Canada posts first quarterly loss in its history
“We do not make policy to maximise our income,” says Macklem
The long road to 24-hour RTGSs
Extended hours would help international payments but some central banks challenge the business case
Currency round-up: BEAC to launch new banknote series
Afghanistan permitted to import new notes; Canada shortlists banknote figures; and more
Canadian governor shrugs off attacks by opposition politicians
Official opposition leader has pledged to fire Macklem as trade union boss also criticises central bank
Bank of Canada makes smaller-than-expected rate rise
Macklem says central bank is “getting closer” to end of increases, “but we are not there yet”
Canada’s Macklem sees global inflationary pressures easing
But more interest rate increases still needed, says Bank of Canada governor
King Charles to appear on Bank of England notes from 2024
Other Commonwealth central banks have made little comment on changeover
Bank of Canada critic becomes leader of the opposition
Pierre Poilievre said in May he would fire governor for failing to contain inflation
Rates round-up: Canada opts for 75bp raise
Chile surprises with larger hike, while Poland nears peak rates with 25bp increase
How to run a world-class economics department
Benchmarking data shows central banks have myriad ways of organising their economists. So how do some of the world’s top research organisations do it?
Bank of Canada hikes 100bp in bid to outpace inflation
Canada front-loads path to higher interest rates with biggest hike in 24 years