Monetary Conditions Index - MCI

A measure of monetary conditions in the Canadian economy, giving an idea of the relative ease or tightness of monetary policy. MCI gauges the effect that Canada's monetary policy has on the Canadian economy through changes in the exchange rate and interest rates.

The index looks at interest rates in Canada and the exchange rate Canada has relative to its major trading partners to give an idea of how these factors are working together to influence the economy. It is calculated as the change in the 90-day commercial paper rate since 1987 plus one third of the percentage change in the exchange rate of the Canadian dollar against the currencies of six of Canada's major trading partners (U.S., EU, Japan, U.K., Switzerland and Sweden), each with a different weighting.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Monetary policy — Part of a series on Government Public finance File:Governmentbhj,i,gu Vedder Highsmith detail 1.jpeg …   Wikipedia

  • CONDITIONS — (Heb. תְּנָאִים, tena im). Definition Conditions is an ambiguous word inasmuch as it refers not only to the external factors upon which the existence of an agreement is made to depend but also to the actual terms of the contract itself. Thus, one …   Encyclopedia of Judaism

  • Consumer Confidence Index — The U.S. Consumer Confidence Index (CCI) is an indicator designed to measure consumer confidence, which is defined as the degree of optimism on the state of the economy that consumers are expressing through their activities of savings and… …   Wikipedia

  • International Monetary Fund — Infobox Central bank bank name = bank name in local = International Monetary Fund image 1 = IMF.png image title 1 = IMF member states in green headquarters = Washington, D.C., USA president = Dominique Strauss Kahn leader title = Managing… …   Wikipedia

  • Composite Index of Leading Indicators — An index published monthly by the Conference Board used to predict the direction of the economy s movements in the months to come. The index is made up of 10 economic components, whose changes tend to precede changes in the overall economy. These …   Investment dictionary

  • Facility Condition Index — The Facility Condition Index (FCI) is used in Facilities Management to provide a benchmark to compare the relative condition of a group of facilities. The FCI is primarily used to support asset management initiatives of federal, state, and local… …   Wikipedia

  • Taylor-Regel — Die Taylor Regel ist nach ihrem Erfinder, dem US Ökonomen John B. Taylor, benannt. Ziel der Regel ist, die Geldpolitik bzw. den von der Zentralbank gesetzten Zinssatz zu bestimmen.[1] John B. Taylor …   Deutsch Wikipedia

  • Taylorregel — Die Taylor Regel ist nach ihrem Entdecker, dem US Ökonomen John B. Taylor, benannt. Taylor versuchte zu ergründen, nach welchen Gesetzmäßigkeiten die US Zentralbank, das Federal Reserve System (Fed), den Zielwert für ihr wichtigstes… …   Deutsch Wikipedia

  • Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System …   Wikipedia

  • Money supply — Finance Financial markets Bond market …   Wikipedia

  • Deflation — For other uses, see Deflation (disambiguation). Not to be confused with Disinflation. Economics …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.