Canada announces renewed inflation target range


Based on the positive 20-year experience of using inflation targeting, the Canadian government and the Bank of Canada have jointly agreed to renew the inflation target for the central bank.

The central bank's aim when setting monetary policy will continue to be keeping inflation at the 2% mid-point of a 1-3% inflation-control range. The target will still be defined in terms of the 12-month rate of change in the total consumer price index (CPI), despite recent discussions about broadening the amb

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: