Canada Inflation Target Under Review as Prices Undershoot
- Consultations for next BoC mandate review kick off Sept. 14
- Policy makers have consistently undershot 2% since recession
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Less than a year since completing the last review of its inflation-targeting mandate, the Bank of Canada is starting to prepare for the next one in 2021.
Consultations kick off in Ottawa on Sept. 14 with an invitation-only workshop of economists that will be webcast on the central bank’s website. It’s an early public start to the process, and comes amid a growing sense that a deeper look at the inflation target is needed after almost a decade of poor economic performance.