Council Reports

May 27

C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Raise Overnight Rate to 0.50 Percent, With Increases to 1.50 in December and 2.50 Percent by May 2011

Toronto, May 27 — 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 0.50 percent at its next announcement on June 1, 2010. The Council further recommended raising the target to 0.75 percent at the Bank’s subsequent announcement in July. The MPC’s recommendation for December 2010 was for a target of 1.50 percent and, looking one year ahead, for a target of 2.50 percent in May 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…

Apr 15

C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Maintain Overnight Rate at 0.25 Percent, With Increases to 1.25 in October and 2.50 Percent by April 2011

Toronto, April 15 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada hold its target for the overnight interest rate (the very short-term money-market rate the Bank targets for monetary policy purposes) at 0.25 percent at its next announcement on April 20, 2010. The Council further recommended keeping the target at 0.25 percent at the Bank’s next announcement in June. The MPC’s recommendation for October 2010 was for a target of 1.25 percent and, looking one year ahead, for a target of 2.50 percent in April 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…

Feb 25

C.D. Howe Institute’s Monetary Policy Council Calls for Bank of Canada to Maintain Overnight Rate at 0.25 Percent, With Increase to 0.75 Percent in September 2010

Toronto, February 25 — The C.D. Howe Institute’s Monetary Policy Council today recommended that the Bank of Canada hold its target for the overnight interest rate (the very short-term money-market rate that the Bank targets for monetary policy purposes) at 0.25 percent at its next announcement on March 2, 2010. The Council further recommended keeping the target at 0.25 percent at the Bank’s next announcement in April, consistent with its conditional commitment to do so until mid-year. The MPC’s recommendation for September, the second announcement date after the Bank’s conditional commitment expires, was for a target of 0.75 percent. Looking one year ahead, the Council’s recommendation was for a target of 2.00 percent in March…