Bank of Canada plans review of 2% inflation target and housing impacts over next two years.

The Bank of Canada is set to review its 2% inflation target and the impact of monetary policy on housing affordability from 2024 to 2026. Governor Tiff Macklem emphasized the bank's focus on adapting to economic uncertainties and shocks, including a review of pandemic-related policy actions. Macklem also highlighted the need for central banks to maintain public trust amid inflation concerns and outlined priorities for improving economic models and international cooperation.

3 months ago
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