Queen's University

Bank of Canada raises interest rate

2010-06-07

Queen’s University economics professor Thor Koeppl is available to discuss today's Bank of Canada’s interest rate announcement.

Professor Koeppl, who is also a member of the C.D. Howe Institute’s Monetary Policy Council, is happy the bank raised the rate.

"The Bank of Canada should raise its interest rates and do it in a gradual fashion. But I am a bit puzzled that the bank underplayed the domestic numbers and overemphasized the European financial crisis,” says Professor Koeppl.

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 in Kingston,

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