Council Reports

Oct 14

C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Raise Overnight Rate to 1.25 Percent, With Increases to 2.00 in April 2011 and 2.50 Percent by October 2011

Toronto, October 14 — 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 October 19, 2010. The Council recommended raising the target rate to 1.50 percent at the following announcement on December 7, 2010, followed by increases that would take it to 2.00 percent in April 2011 and 2.50 percent in October 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 percent…

Sep 02

C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Raise Overnight Rate to 1.00 Percent, With Increases to 1.50 in March and 2.25 Percent by September 2011

Toronto, September 2 — 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 1.00 percent at its next announcement on September 8, 2010. The Council recommended maintaining the target rate at 1.00 percent at the following announcement on October 19, 2010, followed by increases that would take it to 1.50 percent in March 2011 and 2.25 percent in September 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…

Jul 15

C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Raise Overnight Rate to 0.75 Percent, With Increases to 1.50 in January and 2.25 Percent by July 2011

Toronto, July 15 — 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 0.75 percent at its next announcement on July 20, 2010. The Council recommended further increases over the coming year, recommending an overnight rate target of 2.25 percent in July 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 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council…