Information and Analysis for Monetary Policy: Coming to a Decision

Tiff Macklem
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Tiff Macklem: Bank of Canada, https://www.bankofcanada.ca/

Bank of Canada Review, 2002, vol. 2002, issue Summer, 11-18

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.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bcarev:v:2002:y:2002:i:summer02:p:11-18

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