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SOURCE C.D. Howe Institute
TORONTO, Feb. 27, 2014 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada keep its target for the
overnight rate, the very short-term interest rate it targets for
monetary policy purposes, at 1.00 percent at its next announcement on
March 5, 2014. The Council further called for the Bank to hold the
target at 1.00 percent through to March 2015.
The MPC provides an independent assessment of the monetary stance
appropriate for the Bank of Canada as it aims for its 2 percent
inflation target. William Robson, the Institute's President and Chief Executive Officer, chaired the
Council's 84th meeting.
For the report go to: http://www.cdhowe.org/mpc-recommendations-feb-2014/24991
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