Latest Overnight rate Stories
TORONTO, May 23, 2013 /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 May 29, 2013. The Council further called for the Bank to hold the target at 1.00 through to May of 2014. The MPC is a panel sponsored by the C.D. Howe Institute to provide an independent...
TORONTO, April 11, 2013 /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 April 17, 2013. The Council further called for the Bank to hold the target at 1.00 through to April of 2014. The MPC is a panel sponsored by the C.D. Howe Institute to provide an...
TORONTO, Feb. 28, 2013 /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 March 6, 2013. The Council further called for the Bank to hold the target at 1.00 through to March of 2014. The MPC is a C.D. Howe Institute project that provides an independent...
TORONTO, Jan. 17, 2013 /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 January 23, 2013. The Council further called for the Bank to hold the target at 1.00 through mid-year, recommending a target of 1.25 percent by January of 2014. The MPC is a C.D. Howe...
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....
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...
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...
TORONTO, April 12, 2012 /PRNewswire/ - 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 April 17, 2012. While most members in the group felt that strength in domestic demand and growing household debt warranted increases in the overnight rate over time, the MPC's...
TORONTO, March 6, 2012 /PRNewswire/ - 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 March 8, 2012. Tension between concerns about inflation running above target domestically and fear of adverse events abroad led the group, on balance, to recommend that the...
Canada's central bank lowered its key lending rate as low as possible Tuesday, cutting it a quarter percentage point to 0.25 percent. In a statement from Ottawa, the Bank of Canada cited continued high uncertainty and weaker-than-expected activity in all major economies as the rationale. Bank policy is that the one-quarter percent lower bound prevents short-term money market disruptions. The statement said despite aggressive monetary and fiscal policy actions among the Group of 20 countries,...
