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Bank of Canada head wants review to leave 2% inflation target unchanged

Summary by WTVB
By Promit Mukherjee and David Ljunggren OTTAWA, Feb 21 (Reuters) – 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 w…

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Bank of Canada head wants review to leave 2% inflation target unchanged

By Promit Mukherjee and David Ljunggren OTTAWA, Feb 21 (Reuters) – 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 w…

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Financial PostFinancial Post

Macklem Says 'Not the Time' to Rethink 2% Inflation Target

(Bloomberg) — Bank of Canada Governor Tiff Macklem launched the central bank’s review of its framework, but strongly suggested that officials are likely to re-endorse the bank’s current approach to targeting 2% inflation.

·Canada
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BloombergBloomberg

Macklem Says ‘Not the Time’ to Rethink 2% Inflation Target

Bank of Canada Governor Tiff Macklem launched the central bank’s review of its framework, but strongly suggested that officials are likely to re-endorse the bank’s current approach to targeting 2% inflation.

·United States
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Bloomberg broke the news in United States on Friday, February 21, 2025.
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