Ottawa –

On Wednesday, 16 July 2014, the Bank of Canada will announce its decision on the target for the overnight rate.

A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision.

Time

10:00 (Eastern Time)

Lock-Up

At 07:00 (ET), journalists are invited to review the rate announcement press release and the MPR, under embargo, at the Bank’s head office in Ottawa. Please use the entrance at 151 O’Connor Street and have your press card with you.

For security reasons, journalists wishing to attend must be accredited with the Canadian Parliamentary Press Gallery and must confirm their presence by calling Media Relations at 613 782-8782 before noon (ET) on Tuesday, 15 July 2014. Journalists who have not registered will not be admitted to the lock-up.

At 08:30 (ET), senior Bank officers will provide background information and respond to questions on the content of the MPR. Information gathered at the session may be used freely in news reports and commentaries, provided it is not attributed to the Bank or its officers. Electronic recording is not permitted.

At 10:00 (ET), the lock-up ends and the embargo is lifted.

Distribution

The rate announcement press release and the Monetary Policy Reportwill be available:

• at 10:00 (ET) on the Bank's website
• between 10:00 and 11:00 (ET) on CNW Group

Press Conference

At 11:15 (ET), Stephen S. Poloz, Governor of the Bank of Canada, will hold a press conference at the National Press Theatre, 150 Wellington Street, Ottawa. He will be accompanied by Senior Deputy Governor Carolyn Wilkins.