C.D. Howe Institute's Monetary Policy Council Urges Bank of Canada to Hold Overnight Rate at 1.00 Percent - WLOX.com - The News for South Mississippi

C.D. Howe Institute's Monetary Policy Council Urges Bank of Canada to Hold Overnight Rate at 1.00 Percent

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE C.D. Howe Institute

TORONTO, Feb. 27, 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 March 5, 2014. The Council further called for the Bank to hold the target at 1.00 percent through to March 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 84th meeting.

For the report go to: http://www.cdhowe.org/mpc-recommendations-feb-2014/24991

Essential Policy Intelligence
Web: www.cdhowe.org
Follow us on Twitter, facebook and LinkedIn.

©2012 PR Newswire. All Rights Reserved.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Pearl High School student takes dream date to prom

    Pearl High School student takes dream date to prom

    Saturday, April 19 2014 12:26 AM EDT2014-04-19 04:26:01 GMT
    18-year-old Jacob Daniels can barely wipe the smile off his face, in anticipation of his Senior Prom Friday night. His mother Lori helps him try on his tuxedo as he talks about the dream girl he'll beMore >>
    Eighteen-year-old Jacob Daniels can barely wipe the smile off his face, in anticipation of his Senior Prom Friday night. His mother Lori helps him try on his tuxedo as he talks about the dream girl he'll be arm in arm with.
    More >>
  • Biloxi bakery celebrates 90 sweet years in business

    Biloxi bakery celebrates 90 sweet years in business

    Saturday, April 19 2014 6:54 AM EDT2014-04-19 10:54:05 GMT
    A Biloxi bakery has many people thinking of delicious pastries for Easter time. And they've been doing it for nine decades! The Electrik Maid Bake Shop is celebrating 90 years in the baking business.More >>
    A Biloxi bakery has many people thinking of delicious pastries for Easter time. And they've been doing it for nine decades! The Electrik Maid Bake Shop is celebrating 90 years in the baking business.More >>
  • Water advisories issued for 6 areas of the beach

    Water advisories issued for 6 areas of the beach

    Saturday, April 19 2014 7:55 AM EDT2014-04-19 11:55:08 GMT
    Advisories have been issued for several sections of the beach in Harrison and Hancock counties. The beaches aren't closed, but there may be an increased risk of illness associated with swimming in these areas.More >>
    Advisories have been issued for several sections of the beach in Harrison and Hancock counties. The beaches aren't closed, but there may be an increased risk of illness associated with swimming in these six areas.
    More >>
Powered by WorldNow

208 DeBuys Road
Biloxi, MS 39531
(228) 896-1313

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WLOX. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.