Presented by: Sharon Kozicki, Deputy Governor, Bank of Canada
About the talk:
Economic events affect households in different ways, and this has rarely been more evident than since the Covid-19 pandemic. A complex set of economic forces has contributed to a wide variety of outcomes for individual households. Reduced spending opportunities and an increase in income supports in the early days led to a paydown of consumer debt and high levels of savings early in the pandemic. Low mortgage rates and a desire for more living space fuelled a real estate boom that increased house prices. This bolstered the home equity of some but led others to take on high levels of mortgage debt. Then supply chain disruptions and labour shortages made economic circumstances more challenging. Strong demand and constrained supply contributed to high inflation, and as a result, monetary policy has been tightened and interest rates have risen. When the Bank of Canada sets its policy interest rate, it considers the dynamic interactions of all these factors and more. On September 19, Bank of Canada Deputy Governor Sharon Kozicki will dig into the data to explain the role that household differences have played in making monetary policy since 2020.
Click here for speaker bio: https://www.bankofcanada.ca/profile/sharon-kozicki/
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Event Details
- When:
- Time:
- 12:00 PM - 01:30 PM CST
- Location:
- CB 308, 2155 College Avenue Campus, University of Regina
- File:
- Download and share the event poster!