December 6, 1999
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November 17, 1999
Release of the Monetary Policy Report
Opening statement
Gordon Thiessen
Good morning. The Bank of Canada has just released its tenth Monetary Policy Report. This morning, we also raised our target for the overnight interest rate by 1/4 of one percentage point to 4 3/4 per cent. This follows a similar increase yesterday in the U.S. Federal Funds rate to 5 ½ per cent. The […]
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November 17, 1999
Bank of Canada releases its semi-annual Monetary Policy Report
Today the Bank of Canada released its tenth Monetary Policy Report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.
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November 17, 1999
Bank Rate Raised by ¼ Percentage Point to 5 Per Cent
The Bank of Canada today raised its Bank Rate by ¼ of one percentage point to 5 per cent.
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November 2, 1999
The Challenges for Canadian Monetary Policy in the Year 2000
Remarks
Gordon Thiessen
the Greater Charlottetown Area Chamber of Commerce
Charlottetown, Prince Edward Island
Monetary policy actions take a relatively long time to affect the economy and inflation—anywhere between 12 to 24 months. Because of this, central banks must always look ahead and must put in place today the monetary conditions that are needed to help keep the economy on a sustainable path down the road. By 'sustainable' I mean a situation where economic growth and job creation are not at risk from rising inflation.
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