The Bank of Canada has announced that it will begin releasing its Monetary Policy Report (MPR) in an interactive, web-based format starting October 23, 2024. This quarterly report, produced by the Bank’s Governing Council, provides a base-case projection for inflation and growth within the Canadian economy, alongside projections for the global economy and an assessment of associated risks.
The transition to an online MPR aims to improve transparency and enhance user experience. The new format will allow readers to easily locate preferred content and ensure timely access to data, charts, and tables. Furthermore, all data will be available for download via API.
Bank officials stated: "With the shift to a web-based format, we will introduce new interactive charts and tables where current data can be compared against previous MPRs." Despite these changes, the Bank remains committed to maintaining "the robust economic analysis and reader-friendly content" that the MPR is known for.
To aid users in adjusting to this new presentation style, Bank staff have prepared a sample online version using content from the July 2024 MPR. This example demonstrates how future reports might look and function. However, adjustments are expected as technological advances continue to influence design and content decisions. The Bank expressed its anticipation that the MPR will evolve over time based on these factors along with user feedback.