Bank of Canada’s (BoC) policy framework provides the flexibility in the time it takes to get inflation back to target, BoC Governor Stephen Poloz said in a speech on Monday. Additional takeaways “Choosing a policy course can entail degree of flexibility, allowing inflation to return to target more slowly or quickly than on average.” “The bank’s current inflation target sits within a control range of 1% to 3%.” “It does not make sense to think a single optimal path for our policy interest rate will be consistent with achieving inflation target.” “For every base-case economic projection, a wide range of possible interest rate paths could ultimately be broadly consistent with the inflation target.” “We want to emphasize that bank’s inflation target remains the overarching goal and is the prime mission of our monetary policy.” Market reaction The USD/CAD pair largely ignored these comments and was last seen trading at 1.3985, down 0.07% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB’s Villeroy: Won’t let adverse market dynamics lead to unwarranted hikes in borrowing costs FX Street 3 years Bank of Canada's (BoC) policy framework provides the flexibility in the time it takes to get inflation back to target, BoC Governor Stephen Poloz said in a speech on Monday. Additional takeaways "Choosing a policy course can entail degree of flexibility, allowing inflation to return to target more slowly or quickly than on average." "The bank's current inflation target sits within a control range of 1% to 3%." "It does not make sense to think a single optimal path for our policy interest rate will be consistent with achieving inflation target." "For every base-case economic projection, a wide range of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
