Canadian monetary policy

Pause Continues in Canadian Monetary Policy

December 4, 2012

Monetary officials decided to leave their interest rate structure unchanged after the last scheduled policy meeting of 2012, thereby extended a pause in tightening that dates back to the last rate hike in September 2010. A released statement today reads very similarly to the previous one from October 23.  The final summary and concluding paragraph […] More

Bank of Canada Policy Unchanged as Expected

October 23, 2012

Canada’s overnight money rate target has been at 1.0% since three 25-basis point increases were implemented in June, July, and September of 2010.  A new statement released today  Reaffirms that 25-month-long interest rate level. States that the slowdown of global activity has been roughly in line with what officials were expecting. Makes only marginal modifications […] More

No Surprises from Bank of Canada

July 17, 2012

At least two years will have passed since the last change in Bank of Canada interest rates, and a statement released after the latest meeting of policymakers expresses contentment with the current stance, implying quite a while further before a change is made.  In 2010, three 25-basis points were implemented at successive meetings in early […] More