Between renewals, Bank researchers study the effectiveness of the monetary policy framework and the experience of other central banks.
Speeches, research reports and materials related to the 2021 renewal
In 2021, the Bank of Canada and the Government of Canada will renew their agreement on Canada’s inflation-control target. First signed in 1991, the agreement is renewed every five years and provides a vital touchpoint around which to frame the Bank’s broader ongoing research into issues related to monetary policy frameworks.
To keep the public informed about the renewal process, members of the Governing Council deliver public speeches on economic developments and other issues related to the conduct of the monetary policy framework.