
By PR Newswire | Article Rating: |
|
April 10, 2014 02:08 PM EDT | Reads: |
141 |

TORONTO, April 10, 2014 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada keep its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 1.00 percent at its next announcement on April 16, 2014. Looking ahead, the Council called for the Bank to hold the target at 1.00 percent through the fall of this year, but called for a target of 1.25 by April 2015.
The MPC provides an independent assessment of the monetary stance appropriate for the Bank of Canada as it aims for its 2 percent inflation target. William Robson, the Institute's President and Chief Executive Officer, chaired the Council's 85th meeting.
For the full report go to: http://www.cdhowe.org
SOURCE C.D. Howe Institute
Published April 10, 2014 Reads 141
Copyright © 2014 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
![]() Apr. 27, 2018 02:15 AM EDT Reads: 4,601 |
By Elizabeth White ![]() Apr. 27, 2018 02:00 AM EDT Reads: 7,744 |
By Elizabeth White Apr. 27, 2018 02:00 AM EDT Reads: 7,770 |
By Pat Romanski ![]() Apr. 27, 2018 02:00 AM EDT Reads: 16,389 |
By Liz McMillan ![]() Apr. 27, 2018 02:00 AM EDT Reads: 6,411 |
By Elizabeth White ![]() Apr. 27, 2018 01:15 AM EDT Reads: 4,988 |
By Liz McMillan ![]() Apr. 27, 2018 01:00 AM EDT Reads: 3,872 |
By Elizabeth White ![]() Apr. 27, 2018 12:30 AM EDT Reads: 11,341 |
By Pat Romanski ![]() Apr. 27, 2018 12:15 AM EDT Reads: 4,014 |
By Yeshim Deniz Apr. 27, 2018 12:15 AM EDT Reads: 524 |
By Yeshim Deniz Apr. 27, 2018 12:00 AM EDT Reads: 1,167 |
By Elizabeth White ![]() Apr. 26, 2018 11:45 PM EDT Reads: 4,895 |
By Elizabeth White Apr. 26, 2018 11:30 PM EDT Reads: 7,182 |
By Pat Romanski ![]() Apr. 26, 2018 11:15 PM EDT Reads: 7,400 |
By Elizabeth White ![]() Apr. 26, 2018 11:00 PM EDT Reads: 2,892 |