23-February-2025
Economy News
 
Bank of Canada Head Wants Review to Leave 2% Inflation Target Unchanged
22-Feb-2025

he Bank of Canada's 2% inflation target should be maintained in a review set for 2026, Governor Tiff Macklem said on Friday, saying central bank needed to focus on risks such as the imposition of U.S. tariffs. 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 be before the consultations have even started.

News Source:- https://money.usnews.com/investing/news/articles/2025-02-21/bank-of-canada-head-wants-review-to-leave-2-inflation-target-unchanged