BOC Monetary Policy Report and BOC Rate Statement

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Wednesday, July 14, 2021, 16:00

BOC Monetary Policy Report and BOC Rate Statement

BOC Governor and Senior Deputy Governor hold a press conference after the release of the BOC Monetary Policy Report. The press conference has 2 parts – first, a prepared statement is read, then the conference is open to press questions. The BOC Governor usually holds a press conference to discuss the contents of this report about 75 minutes after release.

BOC Rate Statement is the primary medium used by the Bank of Canada (BoC) to communicate with investors about monetary policy decisions, specifically those regarding interest rates. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

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