Council Reports

Apr 17

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

Toronto, April 17 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada lower its target for the key overnight interest rate to 3.25 percent at its next announcement on April 22. 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.

Differences in views about the appropriate setting for the target rate among the group were…

Feb 28

C.D. Howe Institute’s Monetary Policy Council Calls for Bank of Canada to Cut its Benchmark Interest Rate Target to 3.75 Percent

Toronto, February 28 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada lower its target for the key overnight interest rate to 3.75 percent at its next announcement on March 4. 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.

Seven of the nine members attending the meeting recommended a short-term cut in the target…

Jan 17

C.D. Howe Institute’s Monetary Policy Council Calls for Bank of Canada to Cut its Benchmark Interest Rate Target to 4.00 Percent

Toronto, January 17 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada lower its target for the key overnight interest rate to 4.00 percent at its next announcement on January 22. 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.

While views in the group were not uniform, all but 2 of the 10 members attending the…