Macklem Says ‘Not the Time’ to Rethink 2% Inflation Target Bank of Canada launches review of monetary policy framework Will examine core inflation measures, shelter price impact ...

(Bloomberg) -- Bank of Canada Governor Tiff Macklem says underlying price pressures may be cooler than indicated by the central bank’s two preferred measures of core inflation. Inflation data ...

Macklem said the pandemic put pressure on the central bank’s framework “like never before,” and the 2% inflation target was effective. “In short, the framework was tested — and it proved ...

“Now is not the time to question the anchor that has proven so effective in achieving price stability,” Macklem said in a speech in the Toronto area on Friday, marking the first time since 1995 that ...