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On Wednesday, June 5, 2024, all eyes will be on the Bank of Canada (TSE:NA) as it prepares to announce its decision on the target for the overnight rate. This highly anticipated event will be accompanied by a press release providing insights into the central bank's decision-making process.
The announcement is scheduled for 09:45 Eastern Time, but before that, at 08:15 ET, journalists will have the opportunity to review the rate announcement press release under embargo at the Bank's head office in Ottawa. For security purposes, journalists must confirm their attendance by contacting Media Relations before noon ET on Tuesday, June 4, 2024. Failure to register in advance will result in denial of entry to the lock-up.
At 9:45 ET, the embargo will be lifted, marking the end of the lock-up period, and the press release will be made available on the Bank's website.
Following the release, a press conference will be held at 10:30 ET in the Bank of Canada's auditorium, featuring Tiff Macklem, Governor of the Bank of Canada, and Carolyn Rogers, Senior Deputy Governor. The opening statement for the press conference will be accessible on the Bank's website at 9:45 ET.
Media attendance at the press conference requires prior registration with the Bank by 17:00 ET on Tuesday, June 4, 2024. Journalists, camera operators, and still photographers who fail to register in advance will not be granted entry. Access to the press conference venue is through the Bank of Canada Museum entrance, where attendees must present photo identification.
Broadcasters needing to set up equipment can gain access starting at 9:45 ET. Additionally, accredited journalists wishing to participate remotely must contact Media Relations for connection details.
For those unable to attend in person, audio and video webcasts of the press conference will be available on the Bank's website, ensuring broad accessibility to the key announcements and discussions.
With interest rates playing a crucial role in shaping economic conditions, market participants, policymakers, and the public will be closely monitoring the Bank of Canada's decision and subsequent commentary for insights into the central bank's monetary policy stance and its implications for the Canadian economy. Stay tuned for updates and analysis following the announcement.
