What happens at a BOC meeting?

At four of these meetings (typically in January, April, July and October), the BoC also prepare and publish the Monetary Policy Report (the “MPR”) which includes the BoC’s latest economic forecasts. For these four meetings, the BoC Governor then holds a press conference after the announcement of the policy decision, normally starting at 11:15 EDT.

What time does the BOC make a policy decision?

The policy decision is normally announced at 10:00 EDT on a Wednesday. At four of these meetings (typically in January, April, July and October), the BoC also prepare and publish the Monetary Policy Report (the “MPR”) which includes the BoC’s latest economic forecasts.

What does the bank of Canada announcement mean?

When you see headlines talk about the “Bank of Canada announcement,” it typically refers to a change made to this rate by the BoC. The target overnight rate represents the starting point for many interest rates in the country, including the benchmark rate set by the banks, known as the Prime rate.

When do BOC speakers observe a blackout period?

BoC speakers observe a blackout period for a week before the policy announcement. Assuming the announcement is on a Wednesday as usual, then the blackout starts on the prior Wednesday.