About this document
Canada’s Inflation Targeting Overview by eurosign100 is a document available to read on EtoBox.
Canada has used inflation targeting since 1991, aiming for an inflation rate between 1-3% by adjusting interest rates. This has helped stabilize inflation expectations and lower interest rates. While price stability has been achieved, it may require sacrificing some employment according to economic theory. Unemployment has remained around 6-7% while core inflation has been kept under control within the target range. Economic growth effects are ambiguous but Canada has seen GDP growth around 3% recently.
- Author
- eurosign100
- Language
- EN