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In 2021, we renewed Canada’s flexible inflation-targeting framework for 2022 to 2026.
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Inflation in Canada is still too high but has declined from its peak.
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How monetary policy works — Governor Tiff Macklem speaks before the CFA Québec (12:45 (ET) approx.).
These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.