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Bank of Canada Keeps 2% Inflation Target in Mandate Renewal
- The Bank of Canada and the federal government agreed to keep the inflation target at 2% in the central bank’s renewed mandate.
- The Bank of Canada independently sets interest rates, while the federal government gives it the inflation-targeting mandate.
- The Bank of Canada said the target has served Canadians well and will guide policy while allowing responses to economic shocks.
- The mandate renewal followed the federal Liberals’ presentation of economic projections and fiscal plans in Budget 2026.
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37 Articles
37 Articles
Bank of Canada keeps 2 per cent inflation target in mandate renewal
The Bank of Canada and federal government have agreed to keep a target of two per cent inflation at the core of the central bank's mandate. The Bank of Canada sets its benchmark interest rate independently from the federal government, but it gets its inflation-targetting mandate from Ottawa.
·Vancouver, Canada
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The Bank of Canada and the federal government have agreed to maintain a 2% inflation target at the heart of the central bank's mandate.
·Montreal, Canada
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Coverage Details
Total News Sources37
Leaning Left22Leaning Right1Center10Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 30%
Factuality
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