In a Canadian context this refers to the level of the Bank of Canada overnight rate that neither stimulates nor restrains economic growth and inflation.
This is a theoretical long-term rate used in economic modelling.
Last modified: April 26, 2017
Written by Robert McLister• May 23, 2014• 2:23 PM• Mortgage Industry News • Views: 13
In a Canadian context this refers to the level of the Bank of Canada overnight rate that neither stimulates nor restrains economic growth and inflation.
This is a theoretical long-term rate used in economic modelling.
Last modified: April 26, 2017
Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.
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