Deputy Governor Rhys Mendes speaks about how the Bank of Canada assesses underlying inflation, including the use of measures of core inflation. He also touches on the renewal of the monetary policy framework, which happens in 2026.
Deputy Governor Rhys Mendes discusses the importance of understanding which parts of inflation are lasting and which are temporary. He also talks about the Bank of Canada’s upcoming renewal of its monetary policy framework.
On Wednesday, October 1, 2025, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on September 17, 2025.