Central Banking

Bank of Canada annual report highlights banknote success


Mark Carney, the Bank of Canada governor, deemed 2012 a year of "considerable accomplishment" for the central bank in its latest annual report.

The report highlights that inflation remained within the target range of 1–3% throughout 2012, "notwithstanding special factors that contributed to relatively weak inflation" at the end of the year, when it fell to 0.8%.

Carney emphasised that the central bank had "provided considerable monetary policy stimulus" throughout the year, holding the benchmark

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