Canada: Staff Report for the 2001 Article IV Consultation
The Canadian economy ended the 1990s with a very strong performance, underpinned by the sound macroeconomic policies put in place during the decade. The Bank of Canada raised interest rates markedly in 2000 as estimates of slack in the economy were narrowing rapidly. Executive Directors agreed with the authorities' view that monetary policy should be set to reflect economic conditions in Canada and should aim to allow the economy to seek its productive potential without compromising the official inflation target.
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Volume/Issue:
Volume 2001
Issue 062
Publication date: April 2001
ISBN: 9781451806878
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Business and Economics , Banks and Banking , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , monetary policy announcement date , core consumer price inflation , Canada , Canadian dollar , interest rate cut , inflation expectation , monetary policy change , Inflation targeting , Inflation , Stocks , Global , Europe , North America
Summary
The Canadian economy ended the 1990s with a very strong performance, underpinned by the sound macroeconomic policies put in place during the decade. The Bank of Canada raised interest rates markedly in 2000 as estimates of slack in the economy were narrowing rapidly. Executive Directors agreed with the authorities' view that monetary policy should be set to reflect economic conditions in Canada and should aim to allow the economy to seek its productive potential without compromising the official inflation target.
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