Economy 52,895 Posted August 28, 2025 Share Posted August 28, 2025 (edited) https://www.bnnbloomberg.ca/business/economics/2025/08/26/bank-of-canada-governor-will-not-review-2-inflation-target-next-year/ Canada's Central Bank has confirmed that there will be no review on the 2% inflation target because its a target that has proven its worth in price stability and that in current uncertain times is not the time to mess with it Unlike USA and some other Nations which have dual mandates (full employment and inflation targets)... Canadas Central Bank targets purely inflation rate. Additionally some Central Banks have floated the idea of accepting higher inflation ranges as acceptable. Canadas Central Bank has remained more conservative and traditional ok the matter sticking with a strict 2% target Currently Inflation has been running at about 1.9% and 2.7% (depending if were looking at CPI or Core inflation), meaning it has been close to target but generally marginally above. Edited August 28, 2025 by Economy Quote Link to post Share on other sites More sharing options...
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