Canada's Murray dispels 'popular misconceptions' about monetary policy


John Murray, a deputy governor at the Bank of Canada, on May 7 said there were three "popular misconceptions" about the monetary policy decision-making process.

Murray was addressing the Mortgage Brokers Association of British Columbia, in Vancouver.

He said the first of the misconceptions was the public perception that the central bank's focus on inflation resulted in the institution neglecting areas such as the pursuit of full employment.

Murray said that "low, stable and predictable inflation

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