Go to www.bankofcanada.ca and click on Media Room and then Press Releases. Scroll down and click on

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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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The Economics of Money Banking and Financial Markets

ISBN: 978-0321785701

5th Canadian edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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