Carney Says Canada Already Does ‘Flexible’ Inflation Targeting
Bank of Canada Governor Mark Carney said the central bank already practices “flexible inflation targeting” that allows it to vary the time horizon over which it returns inflation to its 2 percent target.
“There is some variability in that time horizon depending on the scale and nature and persistence of various shocks which could be related to household debt, could be related to Europe, could be related to the United States, both positive and negative,” Carney told lawmakers today in Ottawa. “That’s part of our core job.”
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