Bank of Canada
Publications and Research
Periodicals
Bank of Canada Review
Summer 2002
Index of Working Papers | Index of Technical Reports| Title | Information and Analysis for Monetary Policy: Coming to a Decision |
| Author(s) | Tiff Macklem |
| Type | Bank of Canada Review article |
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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. |
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Bank topic index |
Monetary and Financial Indicators, Monetary Policy Framework, Monetary Policy Implementation |
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JEL classification |
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