Council Reports

Aug 30

Bank of Canada Should Hold Overnight Rate at 1.50 Percent Next Week, Hike to 2.25 in a Year’s Time Says C.D. Howe Institute Monetary Policy Council

August 30, 2018 — The C.D. Howe Institute’s Monetary Policy Council (MPC) called for the Bank of Canada to hold its target for the overnight rate, its benchmark policy interest rate, at 1.50 percent at its next announcement on September 5, 2018. Looking further ahead, the Council called for a hike in the target to 1.75 percent in October, with further increases raising it to 2.25 percent by September of 2019.

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…

Jul 05

Bank of Canada Should Raise Overnight Rate to 1.50% Next Week, Hike to 2.00 in a Year’s Time

July 5, 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 1.50 percent at its next announcement on July 11, 2018. Looking further ahead, the Council called for the Bank to hold the target at 1.50 percent in September, with further increases raising it to 2.00 percent by July 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 120th Council’s meeting. Council members make recommendations for the Bank of Canada’…

May 24

Bank of Canada Should Hold Overnight Rate at 1.25% Next Week, Hike to 2% by Next Year

May 24, 2018 — The C.D. Howe Institute’s Monetary Policy Council (MPC) called for the Bank of Canada to hold its target for the overnight rate, its benchmark policy interest rate, at 1.25 percent at its next announcement on May 30, 2018. Looking further ahead, the Council called for a hike in the target to 1.50 percent in July, with further increases raising it to 2.00 percent by May of 2019.

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…