Go to www.bankofcanada.ca and click on Media Room and then Press Releases. Scroll down and click on
Question:
Go to www.bankofcanada.ca and click on “Media Room” and then “Press Releases.” Scroll down and click on the release regarding recent changes in the overnight rate of interest. Summarize the statement in one paragraph. Be sure to note whether the bank rate was increased or decreased. Now review the changes in the operating band for the overnight interest rate in the previous two press releases regarding this issue. Has the stance of monetary policy changed?
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Related Book For
The Economics of Money Banking and Financial Markets
ISBN: 978-0321785701
5th Canadian edition
Authors: Frederic S. Mishkin, Apostolos Serletis
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