The Bank of Canada expects all media organizations to respect the embargo conditions for its key publications. Today, the Bank provided the Monetary Policy Report (MPR) under embargo to trusted media that have signed an undertaking with the Bank. Note that the Bank did not provide embargoed access to the press release that explains the latest monetary policy decisions. One media organization breached the embargo time and published articles on two parts of the MPR: the key inputs to the projection and the section describing the evolution of our balance sheet.

We immediately contacted the organization in question and instructed them to provide an account of the circumstances surrounding the breach. In accordance with the Bank’s media policy, this organization will not have any further access to Bank embargos, lock-ups or media activities for a prescribed period.