Intelligence Memos
From: Paul Jenkins
To: Canada’s Monetary Policy Community
Date: March 15, 2021
Re: Time Inconsistency and Inflation Expectations
Many analysts and pundits have been pointing to well-anchored…
Op-Ed
Last week the Bank of Canada decided not to change its target for the “overnight rate” of interest at which lending takes place among large financial institutions. It was a non-move that had extra…
Op-Ed
The Bank of Canada did not surprise last week on its target for the overnight interest rate, which remains at 25 basis points and is expected to stay there until the economy fully recovers from the…
