Public support is strong for two per cent inflation target, Bank of Canada says (opens original article in a new tab)

The Bank of Canada states that public and stakeholder feedback shows strong support for its flexible inflation targeting and two per cent target rate during the renewal process of its monetary policy framework agreement with the federal government.

• Bank of Canada reports strong public support for its two per cent inflation target.
• Stakeholders and public emphasized need for clear communication about interest rate decisions.
• Current monetary policy framework review follows 2022 inflation spike to 8.1 per cent.