Today news
About the same in other media
24.12 - 10:34
Canada Renews Central Bank’s Inflation-Targeting Mandate
Reading now: 727
OTTAWA—The Canadian government and Bank of Canada agreed Monday to renew the central bank’s mandate to target 2% annual inflation, with an emphasis on giving the central bank flexibility to address economic challenges and help obtain full employment when conditions warrant.
The mandate was set to expire at the end of the month. Like elsewhere in the world, Canada is dealing with accelerated price increases—annual inflation of 4.7% as of October, or an 18-year high—that is fueling concern among Bank of Canada officials. Strong labor-market gains and elevated inflation prompted the Bank of Canada this fall to move up the timetable for its first rate increase in over three years, and end its large-scale asset-purchase program, also known as
Read more on wsj.comAbout this in other media
Selfridges sold as part of £4bn deal theguardian.com /2 years ago
SWIFT Tokenization, BNB Auto Burn, PwC Enters The Sandbox + More News cryptonews.com /2 years ago
Ethereum ETFs Struggle in Europe, but See Rising Volumes in Canada cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
