Latest Monetary policy Stories
TORONTO, Aug. 30, 2012 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain 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 September 5, 2012. The Council further recommended that the Bank hold the overnight rate target at 1.00 through March of 2013, and called for a target of 1.25 percent by August of next year....
LOS ANGELES, Aug. 28, 2012 /PRNewswire/ -- The price of gold reached a four-month high of $1,674.28 per ounce on August 24, 2012, as a result of speculation concerning yet a third round of quantitative easing and dismal U.S. economic reports. Capital Gold Group CEO, Jonathan Rose, forecasts gold to soar in the coming months of 2012. "Investors need to wake up and realize that gold is not an investment but a vehicle for wealth preservation," stated Rose. "As the Federal Reserve hints...
Data For July 2012 NEW YORK, Aug. 22, 2012 /PRNewswire-USNewswire/ -- Today, Center for Financial Stability (CFS) broad money supply data for July 2012 illustrate that the US economy is improving modestly. However, growth remains extremely weak. For instance, CFS Divisia M4 (DM4) for July advanced by 2.9% on a year-over-year (YoY) basis or well below the 6% to 6.5% typically associated with historical trend GDP growth of 3¼%. CFS proprietary money supply data provide a crucial...
TORONTO, July 12, 2012 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain 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 July 17, 2012. The MPC further recommended that the Bank hold the overnight rate target at 1.00 through January of 2013, and called for a target of 1.50 percent by July of next year. The MPC...
AIX-EN-PROVENCE, France, July 11, 2012 /PRNewswire/ -- 2012 Aix-en-Provence Economic Forum Ends, For a Rebound in the West We are not "declinists" - the fate of advanced countries is not written in stone. What will the next wave of innovations be? And what about the impact of demographic transition? How can worldwide savings be harnessed and long-term investment funded? What will happen with global, commercial and financial imbalances? These are the four types...
TORONTO, May 31, 2012 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on June 5, 2012. The MPC further recommended that the Bank hold the overnight rate target at 1.00 through the end of the year, and called for a target of 1.25 percent by June 2013. The MPC...
WASHINGTON, May 18, 2012 /PRNewswire-USNewswire/ -- Adam S. Posen, a widely respected economist who has been serving as an external member of the Monetary Policy Committee of the Bank of England since 2009, has been chosen by the board of directors of the Peterson Institute for International Economics as its next President. Dr. Posen, deputy director of the Institute during 2007-09, will succeed C. Fred Bergsten, founding director of the Institute since its creation in 1981. The...
TORONTO, May 17, 2012 /CNW/ - Monetary authorities should keep an eye on money growth in the economy to help stimulate and monitor the recovery, according to a report released today by the C.D. Howe Institute. In "Money Still Talks - Is Anyone Listening?" David Laidler, Fellow-in-Residence at the Institute, makes the case for policymakers' paying greater attention to the supply of money, to get a better fix on the economy's condition. "Money growth isn't the only key measure to...
New report reveals how U.S. monetary policy impacts oil price, small businesses WASHINGTON, May 16, 2012 /PRNewswire-USNewswire/ -- In a new analysis released today, Louisiana State University Endowed Chair of Banking and nationally-renowned economist Joseph R. Mason makes the case that there are steps government can take to demonstrably reduce gasoline prices. The report--entitled "Monetary Policy, Gas Prices and the Impact on Small Businesses"--specifically reveals how the Federal...
Report of the C.D. Howe Institute Competition Policy Council TORONTO, May 15, 2012 /CNW/ - The Competition Bureau should clarify how it will apply its powers under the Competition Act in seeking administrative monetary penalties for abuse of dominance, according to a consensus of the C.D. Howe Institute's Competition Policy Council, which held its third meeting on May 7, 2012. The Competition Policy Council comprises top-ranked academics and practitioners active in the field of...
