Council Reports
September 1, 2011 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight interest rate, the very short-term money-market rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on September 7, 2011. The Council further recommended holding the target rate at 1.00 percent at the following announcement on October 25, 2011, followed by increases that would take it to 1.25 percent in March 2012 and 1.75 percent in September 2012.
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…
July 14, 2011 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada raise its target for the overnight interest rate, the very short-term money-market rate the Bank targets for monetary policy purposes, to 1.25 percent at its next announcement on July 19, 2011. The Council further recommended holding the target rate at 1.25 percent at the following announcement on September 7, 2011, followed by increases that would take it to 1.75 percent in January 2012 and 2.25 percent in July 2012.
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…
April 7, 2011 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada raise its target for the overnight interest rate, the very short-term money-market rate the Bank targets for monetary policy purposes, to 1.25 percent at its next announcement on April 12, 2011. The Council further recommended raising the target rate to 1.50 percent at the following announcement on May 31, 2011, followed by increases that would take it to 2.00 percent in October 2011 and 2.50 percent in April 2012.
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…
