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BOC: Monetary Policy Report
Inflation targeting and the economy • the Bank’s mandate is to conduct monetary policy to pro- mote the economic and fi nancial well-being of Canadians . • Canada’s experience with infl ation targeting since 1991 has shown that the best way to foster confi dence in the value of money and to contribute to sustained economic growth, employment gains and improved living standards is by keeping infl ation low, stable and predictable . • In 2011, the Government and the Bank of Canada renewed Canada’s infl ation-control target for a further fi ve-year period, ending 31 december 2016 . the target, as measured by ... (full story)