Monitor the CA BOC Rate Statement for insights on future monetary policies and economic conditions influencing interest rates.
This is the main tool the Bank of Canada uses to convey its monetary policy to investors. It outlines the results of their interest rate decisions and discusses the economic factors that influenced those decisions. Notably, it provides insights into the economic forecast and hints at future decision-making outcomes.
What it Measures
N/A
Usual Effect
A more hawkish stance than anticipated is beneficial for the currency.
Source & Frequency
Bank of Canada (latest release) - https://www.bankofcanada.ca/ • Published eight times a year.
How Data is Derived
N/A
Also Known As
Interest Rate Statement
Acronym
Bank of Canada (BOC)