Getting Talk Back on Target: The Exchange Rate and the Inflation Rate

David Laidler

No 89, e-briefs from C.D. Howe Institute

Abstract: Recent efforts by the Bank of Canada to “talk down” the dollar in its public statements have led to public perceptions that the Bank is considering action to weaken it.In permitting this response to gather momentum, the Bank has stepped onto a slippery slope, because if talk seems to be failing, people might reasonably expect direct intervention in the exchange market to follow.

Keywords: Bank of Canada; inflation rate; exchange rate (search for similar items in EconPapers)
JEL-codes: E31 E4 E58 F31 (search for similar items in EconPapers)
Pages: 4 pages
Date: 2009-12
New Economics Papers: this item is included in nep-cba, nep-ifn, nep-mac and nep-mon
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published on the C.D. Howe Institute website, December 2009

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Persistent link: https://EconPapers.repec.org/RePEc:cdh:ebrief:89

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