The BOC reviews its mandate every five years
– BOC and Canadian government have agreed to renew inflation targeting regime for another five years
– Inflation target will continue to be the midpoint of 1-3% inflation-control range
This is no surprise. The mandate is periodically reviewed and rubber-stamped.
Bank of Canada renews 2% inflation targeting regime but to re-jig inflation measures
ByAdam Button
Oct 24, 2016