00000nam 2200000za 4500 9.858547 CaOODSP 20250821075109 cr ||||||||||| 180705s2018 onc ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-7/2018-22E-PDF Chen, Xin Scott. The neutral rate in Canada [electronic resource] : 2018 estimates / Xin Scott Chen and José Dorich. [Ottawa] : Bank of Canada, c2018. ii, 5 p. Staff analytical note = Note analytique du personnel, 2369-9639 ; 2018-22 Cover title. Includes bibliographical references. "The neutral nominal policy rate serves as a benchmark for assessing the degree of monetary stimulus and provides a medium- to long-run anchor for the policy rate. Since quantitative measures of the neutral rate are subject to considerable uncertainty, Bank staff rely on four different approaches to estimate the Canadian neutral rate. These approaches take explicit account of domestic and global factors, the relative importance of which varies with each approach. Informed by this analysis, Bank staff estimate that the Canadian neutral nominal policy rate lies between 2.5 and 3.5 per cent, the same range reported in the April 2017 Monetary Policy Report"--Abstract, p. ii. Includes abstract in French. gccst Interest rates gccst Monetary policy Dorich, José. Bank of Canada. Staff analytical note (Bank of Canada) 2369-9639 ; 2018-22. (CaOODSP)9.807323 PDF 1.01 MB https://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-7-2018-22-eng.pdf