Dodge on inflation targeting in Canada

In the speech 'Inflation targeting in Canada: Design, lessons, and challenges' given on 14 November David Dodge of the Bank of Canada said the bank is unlikely to change its practice of using the consumer price index as its target for monetary policy.

The Canadian government and the Bank of Canada are set to review its inflation control target in 2006. It agreed in 2001 to renew its commitment to put the inflation-control target range at 1 percent to 3 percent, with the aim of keeping inflation

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