Canada’s Schembri highlights new inflation communication method

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Lawrence Schembri. Photo: Bank of Canada
Bank of Canada

The Bank of Canada is seeking to refine the way it presents inflation forecasts, Lawrence Schembri said on February 9. The deputy governor explained the central bank's decision to replace one measure of core inflation with three new ones, and to make inflation forecasts in its monetary policy reports clearer, during remarks at Western University. Schembri said each measure of core inflation, including the old CPIX metric, had drawbacks, which is why the central bank chose to adopt three. The