The Bank of Canada is planning to announce its decision regarding the overnight rate target on January 24, 2024, along with a brief press release outlining the reasoning.
Simultaneously, the Bank will release its quarterly Monetary Policy Report (MPR), marking a notable shift to a new release time of 09:45 (Eastern Time).
Beside that, Journalists are invited to attend a lock-up session at 07:00 (ET) at the bank's head office in Ottawa, gaining access to the rate announcement press release and the MPR under embargo. It is imperative for attending journalists to confirm their presence with Media Relations before noon (ET) on January 23, 2024, as those who haven't registered will not be permitted into the lock-up. The embargo lifts at 09:45 (ET) when the lock-up concludes.
At 8:30 (ET) before the publication, senior bank officials will hold a media briefing to give context for the MPR and field questions. You are welcome to utilize any information that comes up during this session in your news reporting or commentary, as long as you don't credit the bank or its officials. It is forbidden to record electronically.
The Monetary Policy Report and the rate announcement press release will be posted to the bank's website at 09:45 (ET). Tiff Macklem, the Bank's Governor, and Carolyn Rogers, the Senior Deputy Governor, will then hold a press conference in the Bank auditorium at 10:30 (ET). Nevertheless, at 9:45 (ET), the opening statement will be available for exploration on the bank's website. All media members who wish to attend the press conference are required to register in advance for security purposes; applicants who arrive late will not be permitted entry.
The press conference will also be accessible via audio and video webcasts on the bank's website, providing an opportunity for remote participation by accredited journalists who must contact Media Relations for connection details. The webcast ensures broader access to the press conference for interested parties.
