C.D. Howe Institute’s Monetary Policy Council Calls for Bank of Canada to Maintain its Benchmark Interest Rate at 0.25 Percent, With Increases in 2010
Toronto, October 15 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada hold its target for the overnight interest rate at 0.25 percent at its next announcement on October 20, 2009. The Council further recommended that the Bank keep the target at 0.25 percent at the Bank’s subsequent announcement in December, in keeping with the Bank of Canada’s conditional commitment to do so into 2010. The MPC looked for a target of 0.50 percent in the next six to twelve months. The overnight rate is a very short-term money-market rate that the central bank targets for monetary policy purposes.
The MPC is a panel sponsored by the C.D. Howe Institute to provide an independent assessment…
C.D. Howe Institute’s Monetary Policy Council Calls for Bank of Canada to Maintain its Benchmark Interest Rate at 0.25 Percent through mid-2010
Toronto, September 8 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada hold its target for the overnight interest rate at 0.25 percent at its next announcement on September 10, 2009. The Council further recommended that the Bank keep the target at 0.25 percent until mid-2010, and looked for a target of 0.75 percent a year from now. The overnight rate is a very short-term money-market rate that the central bank targets for monetary policy purposes.
The MPC is a panel sponsored by the C.D. Howe Institute to provide an independent assessment of the monetary stance most appropriate for the Bank of Canada as it seeks to achieve its 2 percent inflation target. William…
C.D. Howe Institute’s Monetary Policy Council Calls for Bank of Canada to Maintain its Benchmark Interest Rate at 0.25 Percent until Next Summer
Toronto, July 16 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada hold its target for the overnight interest rate at 0.25 percent at its next announcement on July 21, 2009, and keep it there until mid-2010. The overnight rate is a very short-term money-market rate that the central bank targets for monetary policy purposes.
The MPC is a panel sponsored by the C.D. Howe Institute to provide an independent assessment of the monetary stance most appropriate for the Bank of Canada as it seeks to achieve its 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council.
The MPC’s formal recommendation is its median vote. The…
C.D. Howe Institute’s Monetary Policy Council Calls for Bank of Canada to Maintain its Benchmark Interest Rate
Toronto, June 2 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada hold its target for the overnight interest rate at 0.25 percent at its next announcement on June 4, 2009. The overnight rate is a very short-term money-market rate that the central bank targets for monetary policy purposes.
The MPC is a panel sponsored by the C.D. Howe Institute to provide an independent assessment of the monetary stance most appropriate for the Bank of Canada as it seeks to achieve its 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council.
The MPC’s formal recommendation is its median vote. On this occasion, the consensus on the…
C.D. Howe Institute’s Monetary Policy Council Calls for Bank of Canada to Lower its Benchmark Interest Rate
Toronto, April 16 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada lower the overnight interest rate at its next announcement on April 21, 2009. The overnight rate is a very short-term money-market rate that the central bank targets for monetary policy purposes.
The MPC is a panel sponsored by the C.D. Howe Institute to provide an independent assessment of the monetary stance most appropriate for the Bank of Canada as it seeks to achieve its 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council.
The MPC’s formal recommendation is its median vote, which on this occasion was for a target overnight rate of 0.25…
