Bank of Canada seeks public views on inflation targeting
Canadian central bank aims to increase public engagement with monetary policy review
The Bank of Canada is seeking input from the public on inflation targeting, in what seems an effort to make its regular monetary framework review more transparent, it announced on August 24.
Canada’s central bank conducts a formal framework review every five years, traditionally in a relatively opaque manner with little public engagement. The next review will start next year.
The last review, in 2016, concluded that the BoC’s current 2% inflation target should stay. The extent of engagement
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