Bank of Canada reviews inflation-targeting framework as economic conditions shift
Bank of Canada reviews monetary policy framework, including inflation targeting, to address evolving economic conditions and affordability.
Atlas Newsdesk ·
The Bank of Canada is reviewing its monetary policy framework, reassessing whether its inflation-targeting approach remains effective as economic conditions and global forces evolve.
Senior Deputy Governor Carolyn Rogers discussed the review in remarks to the Brandon Chamber of Commerce, focusing on the economic forces reshaping the economy, the framework renewal and concerns about affordability.
The Bank said the framework—built around inflation targeting—has served as an anchor of stability, and the renewal process is intended to ensure it continues to provide that stability amid uncertainty.
Areas under consideration include inflation dynamics, economic growth and the broader impact of monetary policy on affordability. The outcome of the review will inform future policy decisions.