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Submission: On July 12 via manual from CA — Scanned from CA
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<li>
<span tabindex="0" id="TRY" data-daily="FXTRYCAD" data-reciprocal="FXCADTRY" data-name="Turkish lira" onkeydown="updateDropdown('TRY', event)" onclick="updateDropdown('TRY') ">Turkish lira</span>
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Text Content
Skip to content Dark Mode Beta Home Search the site Search FR Home Toggle navigation FR Toggle Search Search the site Search * About us ABOUT US * Head office * Regional offices * History * Archives * Background materials * Photos and videos * Accessibility * Contact us CORPORATE GOVERNANCE * Board of Directors * Governing Council and Senior Management * Governance documents EDUCATIONAL RESOURCES * The Economy, Plain and Simple * Explainers * Financial education resources CAREERS Take a central role at the Bank of Canada with our current opportunities and scholarships. * Core functions CORE FUNCTIONS * Monetary policy * Financial system * Currency * Funds management * Retail payments supervision FEATURED * Policy interest rate * Unclaimed Properties Office DIGITAL CANADIAN DOLLAR Learn about how we’re exploring the possibility of issuing a digital form of the Canadian dollar, also known as a central bank digital currency (CBDC). CLIMATE CHANGE AND THE BANK OF CANADA We’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint. * Markets MARKETS * About financial markets * Market notices * Market operations indicators * Market operations and liquidity provision * Canadian Foreign Exchange Committee * Canadian Fixed-Income Forum * Canadian Alternative Reference Rate Working Group GOVERNMENT SECURITIES AUCTIONS * Calls for tenders and results * Schedules and results * Rules and terms * Forms and certificates * Data * Definitions and formulas MARKET NOTICES * June 30, 2023 CARR releases its recommendations for legacy securities tied to CDOR * June 9, 2023 CDOR Transition – Implications for transactions as stage 1 ends and stage 2 begins * Bank notes BANK NOTES * Backgrounders and explainers * Bank notes past and present * Bank Note Redemption Service * Counterfeit prevention * Multimedia * Principles of design * Research and reports * Training and education LATEST RESEARCH January 4, 2023 THE 2021–22 MERCHANT ACCEPTANCE SURVEY PILOT STUDY December 28, 2022 2021 METHODS-OF-PAYMENT SURVEY REPORT October 12, 2022 PRIVATE DIGITAL CRYPTOASSETS AS INVESTMENT? BITCOIN OWNERSHIP AND USE IN CANADA, 2016-2021 See more ABOUT LEGAL TENDER Find out what “legal tender” means, why legal tender status changes, and how to redeem older bank notes. * Publications PUBLICATIONS * All publications * Annual Report * The Economy, Plain and Simple * Monetary Policy Report * Quarterly Financial Report * Summary of deliberations ECONOMIC SURVEY RESULTS * Business Outlook Survey * Canadian Survey of Consumer Expectations * Market Participants Survey * Senior Loan Officer Survey FINANCIAL SYSTEM HUB * Financial System Review * Financial System Survey * Financial System Research Centre * Indicators of financial vulnerabilities HISTORICAL PUBLICATIONS * Bank of Canada Review * Books and monographs * Summary of Government of Canada Direct Securities and Loans MONETARY POLICY REPORT – JULY 2023 Inflation in Canada and around the world has been coming down. The Bank projects that inflation will stay around 3% for the next year, returning to the 2% target by the middle of 2025. * Research RESEARCH * All research * Staff analytical notes * Staff discussion papers * Staff working papers * Technical reports PEOPLE * Research leadership * Research staff * Authors AWARDS * Research paper awards * Scholarship awards * Fellowship Program * The Governor's Challenge COLLABORATION * Financial System Research Centre * Visiting Scholar Program * Conferences and workshops * PIVOT Program LATEST RESEARCH June 30, 2023 GLOBAL DEMAND AND SUPPLY SENTIMENT: EVIDENCE FROM EARNINGS CALLS June 29, 2023 WHAT CAN EARNINGS CALLS TELL US ABOUT THE OUTPUT GAP AND INFLATION IN CANADA? See more * Press PRESS * All press content * Announcements * Media advisories * Press releases * Selected media activities * Speeches and appearances * Upcoming events * Webcasts INFO * Media contacts * Blackout guidelines * Principles for external communication NEWS July 12, 2023 MONETARY POLICY REPORT PRESS CONFERENCE OPENING STATEMENT July 12, 2023 BANK OF CANADA RAISES POLICY RATE 25 BASIS POINTS, CONTINUES QUANTITATIVE TIGHTENING July 12, 2023 MONETARY POLICY REPORT – JULY 2023 June 30, 2023 LINKING THE CHAINS PRESS CONFERENCE: MONETARY POLICY REPORT – JULY 2023 Release of the Monetary Policy Report — Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (11:00 (ET) approx.). * Statistics STATISTICS * Daily Digest * Exchange rates * Interest rates * Price indexes * Indicators * Banking and financial statistics TOOLS AND RESOURCES * Inflation Calculator * Investment Calculator * Official International Reserves * Credit conditions STAFF ECONOMIC PROJECTIONS These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag. Search the site Toggle Search > We are Canada's central bank. We work to preserve the value of money by > keeping inflation low and stable. Policy interest rate 5.00% Jul 12, 2023 Total CPI inflation 3.4% May 2023 CPI-trim 3.8% May 2023 CPI-median 3.9% May 2023 CPI-common 5.2% May 2023 Previous slide Next slide WEBCAST ON JULY 12 Webcast of a press conference about the Monetary Policy Report. Previous slide Next slide MONETARY POLICY REPORT - JULY 2023 Inflation in Canada and around the world has been coming down. The Bank projects that inflation will stay around 3% for the next year, returning to the 2% target by the middle of 2025. Previous slide Next slide WEBCAST ON JUNE 8 Deputy Governor Paul Beaudry speaks before the Greater Victoria Chamber of Commerce. Previous slide Next slide ASSESSING CLIMATE CHANGE RISKS TO OUR FINANCIAL SYSTEM Ensuring the stability and efficiency of the financial system is a key part of our work at the Bank of Canada. This includes analyzing structural changes that affect the economy—like climate change. These changes could increase vulnerabilities to the financial system. Play carousel Pause carousel 1. 2. 3. 4. SUBSCRIBE TO NEWS NEWS July 12, 2023 MONETARY POLICY REPORT PRESS CONFERENCE OPENING STATEMENT Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements July 12, 2023 BANK OF CANADA RAISES POLICY RATE 25 BASIS POINTS, CONTINUES QUANTITATIVE TIGHTENING Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Content Type(s): Press, Press releases July 12, 2023 MONETARY POLICY REPORT – JULY 2023 Inflation in Canada and around the world has been coming down. The Bank projects that inflation will stay around 3% for the next year, returning to the 2% target by the middle of 2025. Content Type(s): Publications, Monetary Policy Report June 30, 2023 LINKING THE CHAINS Patrick Alexander, Chris D'Souza, Yuko Imura, Lena Suchanek The things we buy come out of complex production chains that span the globe. Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Business fluctuations and cycles, Firm dynamics, International topics, Trade integration June 30, 2023 CANADA’S REGIONAL ECONOMIES David Amirault, Matthieu Verstraete, Sarah Miller Strength from diversity Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Business fluctuations and cycles, Labour markets, Regional economic developments, Trade integration See more EXCHANGE RATES 1.00 Canadian dollar 0.75 US dollar 1.00 Canadian dollar 0.75 US dollar CAD Press enter to expand the list of currencies. Current currency is USD * Australian dollar * Brazilian real * Chinese renminbi * European euro * Hong Kong dollar * Indian rupee * Indonesian rupiah * Japanese yen * Mexican peso * New Zealand dollar * Norwegian krone * Peruvian new sol * Russian ruble * Saudi riyal * Singapore dollar * South African rand * South Korean won * Swedish krona * Swiss franc * Taiwanese dollar * Turkish lira * UK pound sterling * US dollar 1 CAD = 0.7541 USDLatest Data: 2023-07-11 Zoom Out0.7238000.7650.760.7238300.770.760.750.740.730.7238000.723790LLAprMayJunJulAug100% SUBSCRIBE TO MARKET NOTICES MARKET NOTICES * June 30, 2023 CARR releases its recommendations for legacy securities tied to CDOR * June 9, 2023 CDOR Transition – Implications for transactions as stage 1 ends and stage 2 begins * May 25, 2023 CFIF welcomes the launch of the new Canadian Collateral Management Service * April 25, 2023 Canadian derivatives market hits milestone in transition from CDOR to CORRA * March 31, 2023 Release of the 2022 Bank of Canada FMI Oversight Activities Annual Report See more SUBSCRIBE TO UPCOMING EVENTS UPCOMING EVENTS * July 12, 2023 Interest Rate Announcement and Monetary Policy Report * July 12, 2023 Press Conference: Monetary Policy Report * July 26, 2023 Publication: Summary of Deliberations * August 7, 2023 Civic Holiday * August 14, 2023 Release: Senior Loan Officer Survey See More Share this page on Facebook Share this page on Twitter Share this page on LinkedIn Share this page by email ABOUT * Careers * Accessibility * Photos and videos * Educational resources * Fraud prevention AFFILIATE SITES * Bank of Canada Museum * Unclaimed Properties Office * Canada Savings Bonds LEGAL * Terms of Use * Privacy * Access to Information and Privacy (ATIP) * Info Source CONNECT WITH US * Contact information * Email alerts * RSS feeds * Social media * Valet API We use cookies to help us keep improving this website. 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