Bank of Canada raises interest rate
Queen’s University economics professor Thor Koeppl is available to discuss today's Bank of Canada’s interest rate announcement.
Professor Koeppl, who is also a member of the C.D. Howe Institute’s Monetary Policy Council, is happy the bank raised the rate.
"The Bank of Canada should raise its interest rates and do it in a gradual fashion. But I am a bit puzzled that the bank underplayed the domestic numbers and overemphasized the European financial crisis,” says Professor Koeppl.
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