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Essentials of Monetary Policy

Bank of Canada (BoC). Monetary Authorities Stay the Course Despite Improved Economic Conditions and High Inflation

December 8, 2021
Benoit P. Durocher
Principal Economist

As expected, the BoC opted to maintain the status quo at today’s meeting. Note that it took a further step toward normalization of monetary policy back in October with the announcement of the end of quantitative easing and the start of the reinvestment phase, during which it will buy Government of Canada bonds only to replace maturing bonds.