Carney discusses limitations of price-level targeting

Mark Carney

Mark Carney, governor of the Bank of Canada, on Wednesday said that while the adoption of a price-level target may help combat future disinflationary pressures, it is unlikely to be effective in providing additional stimulus in current conditions.

At the Board of Trade of Metropolitan Montreal, Carney said: "Price-level targeting may merit consideration as a temporary unconventional policy tool in countries faced with extraordinary circumstances, notably those with policy at the zero-lower bound

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: