Canadian Economy

Feature image for “Bank of Canada Explained,” showing four compact tiles for the Bank of Canada’s monetary-policy framework: the 2.25% overnight rate, the 2% inflation target since 1991, eight fixed announcement dates per year, and Crown corporation status since 1938.

Central Banking

Bank of Canada Explained: Forty Years of Inflation Targeting

The Bank of Canada explained: how the country's central bank, its 1991 inflation target, the Governing Council, and the overnight...

May 31, 2026