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Monetary policy, interest rates and the Canadian dollar

Author

Listed:
  • Jean-Sébastien Fontaine
  • Ingomar Krohn
  • James Kyeong
  • Rishi Vala
  • Konrad Zmitrowicz

Abstract

Changes in domestic interest rates affect the value of the Canadian dollar less than changes in the risk premium do. These variations often occur when a broad shift in risk sentiment occurs in global markets. Ultimately, the value of the currency reflects long-term, slow-moving features of the economies.

Suggested Citation

  • Jean-Sébastien Fontaine & Ingomar Krohn & James Kyeong & Rishi Vala & Konrad Zmitrowicz, 2025. "Monetary policy, interest rates and the Canadian dollar," Staff Analytical Notes 2025-2, Bank of Canada.
    • Handle: RePEc:bca:bocsan:25-2
    DOI: 10.34989/san-2025-2
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    More about this item

    Keywords

    Asset pricing; Econometric and statistical methods; Exchange rates; Interest rates; Monetary policy;
    All these keywords.

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • F3 - International Economics - - International Finance
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • G1 - Financial Economics - - General Financial Markets
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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