Reuters reported on Thursday the central bank would soon announce it was leaving its inflation target at 2% in a framework renewal. The central bank and the finance ministry review the inflation target, which expires at year-end, every five years.
The Bank of Canada is due to make an announcement at 10 am Eastern time (1500 GMT) on Monday and an hour later Governor Tiff Macklem and Finance Minister Chrystia Freeland will hold a joint news conference.
Neither the central bank nor Freeland’s office were immediately available for comment.
Source: Economy - investing.com
