The C.D. Howe Institute Monetary Policy Council is comprised of 12 of Canada’s most distinguished financial-market and monetary economists. Chaired by the Institute’s President and Chief Executive Officer William Robson, it provides the Bank of Canada, financial-market participants and economic policy commentators with a regular independent assessment of the appropriate stance of Canadian monetary policy as the Bank of Canada pursues its 2 percent inflation target.
The Monetary Policy Council convenes to discuss the Bank of Canada’s policy toward the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, shortly before each of the Bank’s interest-rate announcements.
The Bank of Canada’s interest-rate announcements occur roughly every six weeks. The Monetary Policy Council’s recommendations, including the individual votes of its members, appear on the C.D. Howe Institute’s website at 2:00 p.m. on the Thursday before each scheduled announcement. You can find the MPC and Bank of Canada schedules here.
The members of the Monetary Policy Council are:
TD Bank Group
University of Toronto
Université du Québec à Montréal;
David Dodge Chair in Monetary Policy
BMO Capital Markets
University of British Columbia
|Edward A. Carmichael
Ted Carmichael Global Macro
CIBC World Markets Inc.
Wilfrid Laurier University
RBC Financial Group
Contact: Kristine Gray — phone: 416-865-1904; e-mail: [email protected].