Why has Canada’s inflation target been set at 2 per cent?: FB12-7/26-2012E-PDF

"The objective of Canadian monetary policy is to preserve confidence in the value (purchasing power) of money by keeping inflation low, stable and predictable. The Bank of Canada sets its policy interest rate so as to keep inflation at 2 per cent, on average, over the medium term"--p. [1].

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Department/Agency Bank of Canada.
Title Why has Canada’s inflation target been set at 2 per cent?
Series Title Backgrounders
Publication Type Series - View Master Record
Language [English]
Other Language Editions [French]
Format Electronic
Electronic Document

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Note "December 2011." Title from caption. Issued also in French under title: Pourquoi la cible d’inflation au Canada a-t-elle été établie à 2 %?
Date 2011, c2012.
Number of Pages [3] p.
Catalogue Number
  • FB12-7/26-2012E-PDF
Subject Terms Inflation, Monetary policy