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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
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.
Bank
topic index
Monetary and Financial Indicators, Monetary Policy Framework, Monetary Policy Implementation
JEL
classification

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