Bank of Canada Target Review
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current monetary policy frameworkReuters
•Business
Business & Economics
Bank of Canada head wants review to leave 2% inflation target unchanged
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78% Informative
Governor Tiff Macklem said the Bank of Canada's 2% inflation target should be maintained in a review set for 2026 .
The bank and the finance ministry jointly review the target every five years and formally announce a decision.
Macklem 's remarks marked the first time a governor has said what the target should have before consultations have even started.
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56
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