Council Reports

Apr 18

Bank of Canada Should Hold Overnight Rate at 1.75 Percent through October, Hike to 2.00 in a Year’s Time Says C.D. Howe Institute Monetary Policy Council

April 18, 2019 – The C.D. Howe Institute’s Monetary Policy Council (MPC) has recommended that the Bank of Canada keep its target for the overnight rate, its benchmark policy interest rate, at 1.75 percent at its next announcement on April 24, 2019, and maintain it at that level through the end of October. The MPC also recommended that the target rise to 2.00 percent by April of next year.

The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council. Council members make recommendations for the Bank of Canada’s upcoming interest-rate announcement, the subsequent announcement,…

Nov 29

Bank of Canada Should Hold Overnight Rate at 1.75 Percent through January, Hike to 2.25 in a Year’s Time

November 29, 2018 — The C.D. Howe Institute’s Monetary Policy Council (MPC) called for the Bank of Canada to keep its target for the overnight rate, its benchmark policy interest rate, at 1.75 percent at its next announcement on December 5, 2018, and in January of 2019. The MPC called for the target to rise to 2.00 percent by May 2019, and 2.25 percent by the end of next year.

The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council. Council members make recommendations for the Bank of Canada’s upcoming interest-rate announcement, the subsequent announcement, and the…

Oct 18

Bank of Canada Should Raise Overnight Rate to 1.75 Percent Next Week, Hike to 2.50 in a Year’s Time Says C.D. Howe Institute Monetary Policy Council

October 18, 2018 — The C.D. Howe Institute’s Monetary Policy Council (MPC) called for the Bank of Canada to raise its target for the overnight rate, its benchmark policy interest rate, to 1.75 percent at its next announcement on October 24, 2018. Looking further ahead, the Council called for the Bank to hold the target at 1.75 percent in December, with subsequent increases raising it to 2.50 percent by October of 2019.

The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. Jeremy Kronick, an Associate Director, Research, at the C.D. Howe Institute chaired the 122nd Council’s meeting. Council members make recommendations for the Bank of…