Bank of Canada: Economic Progress Report
Timothy Lane
The Deputy Governor will discuss Canadian and global economic developments and how they were taken into account in the March interest rate decision.
This is the first in a new series of Economic Progress Report speeches scheduled to follow the interest rate decisions that are not accompanied by a Monetary Policy Report. Delivered by members of Governing Council, these speeches will discuss how economic conditions and risks to the inflation outlook have evolved and provide insight into the key issues figuring in the deliberations about the rate decision.
About the speaker:
Timothy Lane was appointed Deputy Governor of the Bank of Canada, effective February 2009. In this capacity, he is responsible for overseeing the Bank's analysis of international economic developments in support of monetary policy decisions. As a member of the Bank's Governing Council, he shares responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank. Mr. Lane joined the Bank of Canada in August 2008 as an Adviser to the Governor. Prior to that, he served for 20 years on the staff of the International Monetary Fund (IMF) in Washington, DC. During that period, he held a series of positions with a combination of analytical, policy, and managerial responsibilities, and contributed to the IMF's work on a number of countries. He has undertaken research on a wide range of topics, including monetary policy, financial crises, IMF reform, and economic transition.
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