Accessible navigation:
Title | Information and Analysis for Monetary Policy: Coming to a Decision |
Author(s) | Tiff Macklem |
Type | Bank of Canada Review article |
Date of publication |
Summer 2002 |
Language | English |
Abstract | This article outlines one of the Bank's key approaches to dealing with the uncertainty that surrounds decisions on monetary policy: the consideration of a wide range of information from a variety of sources. More specifically, it describes the information and analysis that the monetary policy decision-makers—the Governing Council of the Bank of Canada—receive in the two or three weeks leading up to a decision on the setting of the policy rate—the target overnight interest rate. The article also describes how the Governing Council reaches this decision. |
Bank topic index |
Monetary and Financial Indicators, Monetary Policy Framework, Monetary Policy Implementation |
JEL classification |
You may download the paper in the following format(s):