US EditionBank of Canada Governor says bank will not review 2% inflation target next year
The Bank of Canada will maintain its 2% inflation target, focusing on core inflation measurement and supply shock responses amid economic uncertainties, including US tariffs.
- The Bank of Canada will not review its 2% inflation target when its monetary policy framework comes up for renewal next year.
- Governor Tiff Macklem said the current 2% target has helped anchor inflation expectations and now is not the time to question it.
- Macklem said economic uncertainty from U.S. tariffs and supply chain shifts could put upward pressure on inflation.
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Total News Sources10
Leaning Left3Leaning Right1Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 30%
C 60%
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