Council Reports

Aug 28

C.D. Howe Institute’s Monetary Policy Council Calls for Bank of Canada to Keep its Benchmark Interest Rate Target at 3.00 Percent

Toronto, August 28 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the key overnight interest rate at 3.00 percent at its next announcement on September 3, 2008. 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. Seven of the 11 members…

Jul 10

C.D. Howe Institute’s Monetary Policy Council Calls for Bank of Canada to Raise its Benchmark Interest Rate Target to 3.25 Percent

Toronto, July 10 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada raise its target for the key overnight interest rate to 3.25 percent at its next announcement on July 15. 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. Four of the nine members attending the…

Jun 05

C.D. Howe Institute’s Monetary Policy Council Calls for Bank of Canada to Maintain its Benchmark Interest Rate Target at 3.00 Percent

Toronto, June 5 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada keep its target for the key overnight interest rate at 3.00 percent at its next announcement on June 10. 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 the median vote of its members. Three of the 11 members…