And we are widening 1  BIS Review 122/1999  the range of collateral they can use to secure loans from the Bank. We have also announced arrangements to prevent any unusual liquidity demands from putting upward pressures on money market interest rates in Canada around the end of the year.
Should a central bank’s published forecast be based on its assessment of what the policy rate path is likely to be, perhaps based on its reaction function, a so-called unconditional forecast?