Monetary Conditions Index
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| Title: |
Monetary Conditions Index |
| Alternate Title: |
|
| Corporate Author: |
Bank of Canada |
| Publisher: |
Bank of Canada |
| Country: |
Canada |
| Location: |
http://www.bankofcanada.ca/en/rates/mci.html |
| Subject(s): |
Foreign exchange rates Interest rates |
| Language(s): |
English French |
| Date/Coverage: |
1980- |
| Publication Type: |
Data set |
| Frequency: |
|
| Format: |
.html |
| Summary: |
The monetary conditions index (MCI) measures the degree of ease or tightness in monetary conditions relative to a base period. The MCI captures the effect that monetary policy has on the economy both through interest rates and the exchange rate. The interest rate receives a weight of 1, and the exchange rate receives a weight of one-third. These represent the relative effects that changes in short-term interest rates and the exchange rate have on output. |
| Note: |