Bank of Canada renews monetary policy framework
Central bank conducts first “systematic” study of other frameworks since it adopted inflation targeting
The Bank of Canada has renewed its flexible inflation targeting framework for the next five years, leaving the core framework unchanged while agreeing “principles” to guide policy.
In the deal, agreed jointly with the Canadian government, the central bank emphasised taming inflation as the primary goal of monetary policy, but added that policy should also aim for maximum stable employment.
“The government of Canada and the Bank of Canada believe that the best contribution of monetary policy to
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