Forex Dictionary

BOC Monetary Policy Report

BOC Monetary Policy Report

The Bank of Canada (BOC) Monetary Policy Report provides a detailed review of the bank's policies and strategies, plus a look at the current economic climate and its implications for inflation. The report is published semi-annually in April and October, with updates in July and January, and holds critical insights into the bank's view of inflation and the economic conditions that will effect interest rates in the future. Traders scrutinize this report as it's been known to provide clues about the bank's future monetary policy.