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Bank of Canada Finds Inflation Target Preferred to Alternatives
Most Canadians prefer the Bank of Canada’s existing inflation targeting mandate to any other alternative frameworks, even though there appears to be an appetite for flexibility. That’s one of the conclusions from a report released Wednesday by the country’s central bank that summarized findings of public consultations ahead of its mandate review this year. “Generally, when given the choice between the Bank’s current inflation-targeting approach and an alternative framework, most opted for our existing approach,” the Bank of Canada said. “Participants perceived it to be easy to understand and the most ... (full story)