Queen's University

Bank of Canada interest rate announcement


Queen’s University professors Thor Koeppl and John Andrew are available to discuss Tuesday’s Bank of Canada interest rate announcement.

Dr. Koeppl, an economics professor who is also a member of the C.D. Howe Institute’s Monetary Policy Council, feels the bank shouldn’t raise its rate now but should consider a hike in the near future.

“I think the Bank of Canada interest rate should stay put because of financial stability concerns. But it can not lose sight of getting back to normal in the medium term,” Dr. Koeppl says.

Dr. Andrew, an urban and regional planning professor, can talk about the impact the announcement will have on Canada’s housing market. Dr. Andrew is the director of Queen’s University’s Executive Seminars on Corporate & Investment Real Estate.

To arrange an interview, please contact communication officers Michael Onesi at 613.533.6000 ext. 77513 or michael.onesi@queensu.ca or Anne Craig at 613-533-2877 or Anne.Craig@queensu.ca at Queen’s University News and Media Services Department in Kingston, Ont., Canada.

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Last updated at 4:55 pm EDT, Wed August 27, 2014
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