Statement by Philip Lowe, Governor: Monetary Policy Decision
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 2.50 per cent. The Board is committed to returning inflation to the 2–3 per cent range over time. Today’s increase in interest rates will help achieve
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Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. The Federal Reserve Board approved action on Thursday by the Boards of Directors of the Federal Reserve Banks of New York, Minneapolis, and San Francisco increasing the discount rate, specifically the primary credit rate, at the Ba
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the September 20-21 meeting. Projections (PDF) | Accessible Materials
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances relat
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings on July 18 and July 27, 2022. The minutes are attached. For media inquiries, please email [email protected] or call 202-452-2955. Last Update:
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on July 26–27, 2022. The minutes for each regularly scheduled meeting of the Committee ordinar
