BOC Meeting Schedule (BOC calendar 2024)

FOMC Meeting Schedule The Bank of Canada, with acronym BOC is the Canadian’s Central bank that administers the country’s monetary policies. The Bank of Canada’s announcements informs Canadians about the interest rates and other financial policies of the government.

Want to know more about the BOC meeting schedule for 2024? Read on to find out! But before we dive deeper, let’s throw more light on the activities of the Bank of Canada.

The nearest BOC release January 24, 2024
Next BOC Meeting Schedule Dates 👇 👇

A Little Bit More About BOC Meeting Schedule

BOC Meeting Schedule

BOC was established in line with the Bank of Canada Act of 1934. The Act clearly stated that the BOC was established to promote the economic and financial welfare of Canada.” The Bank of Canada and its governing council are responsible for printing money, setting monetary policies, as well as determining the country’s interest rate.

The responsibility of the Bank of Canada is broadly categorized into four major areas:

  • Monetary policy: The Bank of Canada is statutorily mandated to dictate the supply of money circulating in the economy.
  • Currency: The BOC is also the sole issuer of Canadian banknotes. The bank is also responsible for funds management.
  • Public Debt: The Bank of Canada is also responsible for managing the federal government’s foreign reserves and public Debt.

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Non-Farm Payroll (NFP) Dates,

FOMC Meeting Schedule

BOC Meeting Schedule 2024

July 15 Interest rate announcement and Monetary Policy Report July 15 Interest rate announcement and Monetary Policy Report July 15 Interest rate announcement and Monetary Policy Report February August.

  • Wednesday, January 24, 2024
  • Wednesday, March 6, 2024
  • Wednesday, April 10, 2024
  • Wednesday, June 5, 2024
  • Wednesday, July 24, 2024
  • Wednesday, September 4, 2024
  • Wednesday, October 23, 2024
  • Wednesday, December 11, 2024
(BOC Meeting calendar)
Month Date Time Financial Event
January 02 06 PM Regular Meeting
January 17 04 PM Work Session
January 30 06 PM Regular Meeting
February 06 04 PM Work Session
February 27 06 PM Regular Meeting
March 05 04 PM Work Session
March 13 11 AM Regular Meeting
March 26 04 PM Work Session
April 02 06 PM Regular Meeting
April 16 04 PM Work Session
April 30 06 PM Regular Meeting
May 07 04 PM Work Session
May 21 06 PM Regular Meeting
June 04 04 PM Work Session
June 25 06 PM Regular Meeting
July 09 04 PM Work Session
July 30 06 PM Regular Meeting
August 06 04 PM Work Session
August 27 06 PM Regular Meeting
September 10 04 PM Work Session
September 24 06 PM Regular Meeting
October 01 04 PM Work Session
October 08 06 PM Regular Meeting
October 29 04 PM Work Session
November 05 06 PM Regular Meeting
November 26 06 PM Regular Meeting
December 03 06 PM Regular Meeting
January 07 06 PM Regular Meeting

The BOC and the Interest Rate

Setting the interest rate is one of BOC’s most important roles. Canada’s monetary policy framework is designed to keep inflation low and stable. The interest rate is decided eight times a year.

In 2007, the interest rate was above 4 percent before being lowered, over time, to 1 percent in 2010. The rate was cut twice in 2015 to 0.5 percent. Since 2015, this rate has risen three times to 1.25 percent as of April 28, 2018.

This rate is the interest charged when banks lend money to each other. The BOC generally imposes rate cuts to boost the economy.

And that wraps it up. You now know the responsibilities of the Bank of Canada and the BOC meeting scheduled for 2019.

What do you think about the BOC meeting dates? Share your thoughts with us using the comment box below.

3 Reviews

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  1. For the love of God put interest rates back to normal 15% for a bench mark. Inflation will make our dollar worthless, inflation is good with high interest rates, or not as bad.

  2. This 8s the 2022 schedule? It says 2019 in the text.

  3. canada drugs online

    I need to to thank you for this great read!! I absolutely enjoyed every bit of it. I’ve got you saved as a favorite to check out new stuff you post…

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