Bank of Canada keeps 2 percent inflation target
The Bank of Canada and the federal government renewed their monetary policy framework to keep the inflation target at two percent. The framework takes effect on January first amid economic changes.
Canada will keep its inflation target at 2% for the next five years under a renewed monetary policy framework unveiled on Thursday. The framework maintains a 1% to 3% control range that has been in place for the last 35 years. The agreement preserves policy continuity as the economy navigates structural shifts and geopolitical uncertainty.
