Claude Lavoie proposes structural changes for Bank of Canada in 2026, suggesting review of interest rate policy to address inflation.
Claude Lavoie, former director-general of economic studies and policy analysis at the Department of Finance, suggests considering structural changes for the Bank of Canada ahead of its current monetary policy agreement expiration in 2026. He highlights the importance of addressing supply shocks driving inflation, as inflation fell from 8% to 3% between 2022 and 2023. Lavoie believes that the central bank's interest rate policy should be reviewed for improvements.
March 18, 2024
5 Articles