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IMF scolds Bank of Canada, should consider better communication of its monetary policy

The IMF with words of advice for the BOC. Reuters with the report, in summary:

strengthening communications could include explanations on how quickly the BoC thinks the policy rate could return to neutralcan also better communicate on how it views market expectations regarding the evolution of the policy rate

The Bank of Canada fobbed them off:

“we certainly share the goal of transparency, and a commitment to look at ways for possible improvements”

More at that link above.

This article was written by Eamonn Sheridan at www.forexlive.com.

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