Queen's University

Bank of Canada interest rate hike

2010-07-22

Queen’s University School of Business finance professor Sean Cleary is available to talk about today’s Bank of Canada interest rate hike.

“I agree with the Bank of Canada’s stated policy of maintaining inflation in the 2 per cent range – that policy has served us well over the past two decades. But there are risks to raising rates too rapidly in today's uncertain and volatile environment. This hike was more or less expected and is reasonable in light of our domestic economic situation,” says Professor Cleary. “On the other hand, hopefully the Bank of Canada will be very cautious in any decisions to continue to raise rates in the coming months in light of unstable global economies and the various risks that exist in today's economic environment.”

Professor Cleary specializes in investments and corporate finance and has published numerous research articles in various journals including: the Journal of Banking and Finance, the Journal of Multinational Financial Management, and the International Journal of Managerial Finance.

To arrange an interview, please contact Michael Onesi at 613.533.6000 ext. 77513 or michael.onesi@queensu.ca, or Kristyn Wallace at 613.533.6000 ext. 79173 or kristyn.wallace@queensu.ca at News and Media Services, Queen’s University.

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