FACTBOX-Bank of Canada sets new financial indicator
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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