Council Reports

Feb 24

C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Raise Overnight Rate to 1.25 Percent on March 1, 2011

Toronto, February 24 — 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 March 1, 2011. The Council further recommended raising the target rate to 1.50 percent at the following announcement on April 12, 2011, followed by increases that would take it to 2.00 percent in September 2011 and 2.75 percent in March 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…

Jan 13

C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Raise Overnight Rate to 1.25 Percent on January 18, 2011

Toronto, January 13 — 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 January 18, 2011. The Council further recommended holding the target rate at 1.25 percent at the following announcement on March 1, 2011, followed by increases that would take it to 2.00 percent in July 2011 and 2.50 percent in January 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…

Dec 02

C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Maintain Overnight Rate at 1.00 Percent, With Increases to 1.50 in June 2011 and 2.50 Percent by December 2011

Toronto, December 2 — 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 December 7, 2010. The Council also recommended holding the target rate at 1.00 percent at the following announcement on January 18, 2011, followed by increases that would take it to 1.50 percent in June 2011 and 2.50 percent in December 2011.

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…