Canadian deputy: inflation target renewal aids policymaking

Bank of Canada facade

A deputy governor of the Bank of Canada has highlighted the importance of reviewing the central bank’s inflation target, which is currently reviewed every five years.

“While the framework has worked well in the past, improvements should always be considered – especially given the changing economic environment, the lessons learned from experience in Canada and elsewhere, and pertinent research findings,” said Lawrence Schembri on September 14.

He said the five-year review period gave the

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