00000cam 2200000zi 4500 9.966698 CaOODSP 20261013104113 m o d f cr |n||||||||| 261013e20260929onc ob f|0| 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-8/2026-45E-PDF McRae, Kaetlynd, author. What happens after Governing Council sets the target for the policy interest rate : inside the implementation framework that makes monetary policy work / Kaetlynd McRae. [Ottawa] : Bank of Canada = Banque du Canada, September 29, 2026. ©2026 1 online resource (ii, 20 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff analytical paper = Document analytique du personnel, 3110-9195 ; 2026-45 Issued also in French under title: Ce qui se passe une fois que le Conseil de direction a établi la cible du taux directeur : tour d’horizon du cadre de conduite de la politique monétaire. Includes bibliographical references. "What happens after Governing Council sets the target for the policy interest rate? Setting the target rate is the most visible part of monetary policy, but it is only the first step in transmitting the rate decision to the Canadian economy. This paper explains how the Bank of Canada uses its monetary policy implementation framework (MPI) to ensure that the rate decision is reflected in financial markets by keeping short-term interest rates close to the target policy rate"--Abstract, page ii. Interest rates Canada. Monetary policy Canada. Bank of Canada, issuing body. Ce qui se passe une fois que le Conseil de direction a établi la cible du taux directeur : (CaOODSP)9.966699 Staff analytical paper (Bank of Canada) 3110-9195 ; 2026-45. (CaOODSP)9.958938 PDF 524 KB https://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-45-eng.pdf