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FACTBOX-Bank of Canada sets new financial indicator

Thu Apr 23, 2009 11:47pm IST
 
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OTTAWA, April 23 (Reuters) - The Bank of Canada unveiled on Thursday a new Financial Conditions Index which will help guide it in setting monetary policy and deciding whether to embark on quantitative and credit easing.

Here are key facts about the indicator:

FACTORS AGGREGATED IN THE INDEX

- Credit conditions as measured by the central bank's Senior Loan Officer Survey

- Corporate bond spread

- Overnight interest rate

- Long-term interest rate

- Real exchange rate

- Stock prices  Continued...

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