https://www.bankofcanada.ca/?p=251775 Inflation control band - low Inflation control band - high CPI inflation Inflation target 0.0 0.0 0.7 0.7 0.7 0.0 0.0 -0.7 0.0 0.0 0.0 0.7 0.7 0.0 0.0 0.0 0.0 1.4 2.1 2.8 1.4 2.1 2.8 2.8 2.8 3.5 3.5 4.3 4.3 3.5 2.8 2.8 4.2 3.4 2.7 2.1 2.7 2.7 3.4 2.7 2.7 2.0 2.0 1.3 2.0 2.0 2.0 2.7 2.0 2.0 0.7 0.7 1.3 0.0 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 2.0 1.3 2.6 1.3 1.3 0.0 1.3 1.3 1.3 1.3 1.3 1.9 1.3 1.3 1.3 1.3 1.3 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.6 0.6 1.3 1.3 1.9 1.3 1.9 1.9 1.9 1.9 1.9 1.9 1.3 1.3 0.6 1.9 1.9 1.9 1.3 1.9 1.9 1.9 1.9 1.9 2.5 2.5 2.5 1.9 1.2 1.9 1.9 1.2 1.8 1.8 1.8 1.8 1.8 1.8 3.0 2.4 2.4 2.4 2.4 3.0 3.0 3.0 3.6 4.2 4.2 4.2 3.6 3.6 4.1 4.1 4.1 3.5 3.5 3.5 2.9 2.9 2.9 3.4 3.4 4.0 4.0 4.0 4.0 4.0 4.0 4.5 4.5 4.5 3.9 3.3 3.3 3.8 3.8 3.8 3.8 4.9 4.3 3.8 3.8 3.8 5.4 5.4 5.3 4.8 4.7 4.7 4.7 3.6 4.7 5.2 5.2 4.7 3.6 3.6 3.0 3.5 3.0 2.5 2.5 2.5 1.0 1.0 1.5 1.5 2.0 2.0 2.5 2.4 3.4 3.4 3.9 3.9 4.9 4.9 4.9 5.4 4.8 4.8 4.3 4.8 4.7 5.7 5.2 5.2 5.2 5.6 6.0 5.6 6.5 6.9 7.8 7.7 8.1 8.1 8.5 9.4 9.4 9.3 9.2 10.5 10.0 11.6 11.5 11.0 10.8 11.2 12.0 11.9 12.7 11.7 12.0 11.1 11.0 10.0 10.3 11.0 10.9 10.4 10.0 10.3 9.4 9.8 9.3 9.3 8.9 8.4 8.0 7.2 6.1 6.4 6.4 5.6 5.6 6.3 6.2 7.2 7.5 8.1 7.7 8.3 8.3 8.6 8.8 9.1 9.4 9.0 9.3 8.8 8.5 8.7 9.3 9.4 9.7 8.5 9.0 8.9 8.6 8.5 9.0 9.2 9.8 9.4 9.0 8.4 8.3 9.7 9.0 9.5 9.8 9.7 9.6 9.2 9.2 9.3 10.0 10.0 10.9 10.6 10.7 11.1 11.1 12.2 12.1 12.7 12.6 12.2 12.8 12.9 12.5 12.7 12.8 12.2 12.1 11.3 11.4 11.5 11.4 11.9 11.3 11.0 10.5 10.3 10.0 9.7 9.3 8.2 7.6 7.3 6.7 5.5 5.4 5.4 5.6 5.0 5.0 4.4 4.6 5.5 5.5 4.5 4.9 4.7 4.3 4.1 3.6 3.7 3.4 3.9 3.7 3.5 3.7 3.7 3.8 4.2 4.0 4.1 4.1 4.1 4.1 3.9 4.4 4.4 4.2 4.3 3.8 4.1 3.8 4.1 4.3 4.1 4.4 4.5 4.2 4.0 4.0 4.0 4.6 4.6 4.7 4.6 4.5 4.5 4.2 4.2 4.2 4.0 4.0 4.3 4.0 4.0 3.9 3.9 3.9 4.1 4.3 4.0 3.9 4.3 4.6 4.5 4.5 5.1 5.2 5.3 5.3 5.3 5.1 5.3 5.3 5.5 5.5 5.3 5.0 4.4 4.4 4.1 4.1 4.2 4.7 5.1 5.0 6.9 6.2 6.2 6.2 6.2 6.3 6.0 6.0 5.5 4.4 3.005.004.14.00 2.804.803.83.80 2.734.731.63.73 2.674.671.63.67 2.604.601.63.60 2.544.541.73.54 2.474.471.33.47 2.404.401.13.40 2.334.331.23.33 2.274.271.13.27 2.204.201.33.20 2.134.131.63.13 2.074.071.73.07 2.004.002.23.00 1.973.972.02.97 1.953.952.42.95 1.923.921.92.92 1.893.891.82.89 1.863.861.92.86 1.833.831.72.83 1.813.811.72.81 1.783.781.82.78 1.753.751.82.75 1.723.721.92.72 1.693.691.92.69 1.673.671.72.67 1.643.641.32.64 1.613.610.12.61 1.583.580.22.58 1.563.560.22.56 1.533.53-0.22.53 1.503.500.02.50 1.473.470.12.47 1.443.440.12.44 1.423.420.22.42 1.393.39-0.22.39 1.363.36-0.12.36 1.333.330.22.33 1.303.300.62.30 1.283.281.92.28 1.253.252.12.25 1.223.222.52.22 1.193.192.92.19 1.173.172.72.17 1.143.142.62.14 1.113.112.22.11 1.083.082.22.08 1.063.062.32.06 1.033.032.12.03 1.003.001.72.00 1.003.001.62.00 1.003.001.32.00 1.003.001.52.00 1.003.001.42.00 1.003.001.52.00 1.003.001.52.00 1.003.001.32.00 1.003.001.52.00 1.003.001.52.00 1.003.001.82.00 1.003.001.92.00 1.003.002.22.00 1.003.002.22.00 1.003.002.32.00 1.003.001.92.00 1.003.001.72.00 1.003.001.52.00 1.003.001.72.00 1.003.001.72.00 1.003.001.82.00 1.003.001.72.00 1.003.001.52.00 1.003.000.92.00 1.003.000.82.00 1.003.001.12.00 1.003.001.02.00 1.003.001.02.00 1.003.000.92.00 1.003.001.12.00 1.003.001.02.00 1.003.001.02.00 1.003.000.92.00 1.003.000.72.00 1.003.001.12.00 1.003.001.22.00 1.003.001.02.00 1.003.000.72.00 1.003.000.72.00 1.003.001.02.00 1.003.001.62.00 1.003.001.52.00 1.003.001.62.00 1.003.001.92.00 1.003.002.12.00 1.003.002.62.00 1.003.002.32.00 1.003.002.22.00 1.003.002.62.00 1.003.002.22.00 1.003.002.72.00 1.003.003.02.00 1.003.002.22.00 1.003.002.42.00 1.003.002.82.00 1.003.002.92.00 1.003.002.62.00 1.003.002.72.00 1.003.002.82.00 1.003.003.22.00 1.003.003.22.00 1.003.003.02.00 1.003.002.92.00 1.003.002.42.00 1.003.003.52.00 1.003.003.92.00 1.003.003.42.00 1.003.002.72.00 1.003.002.82.00 1.003.002.62.00 1.003.001.92.00 1.003.000.62.00 1.003.000.72.00 1.003.001.32.00 1.003.001.42.00 1.003.001.92.00 1.003.001.72.00 1.003.001.12.00 1.003.001.22.00 1.003.002.12.00 1.003.002.52.00 1.003.002.32.00 1.003.003.22.00 1.003.004.42.00 1.003.003.82.00 1.003.004.52.00 1.003.004.72.00 1.003.004.22.00 1.003.002.92.00 1.003.002.82.00 1.003.002.62.00 1.003.002.12.00 1.003.002.02.00 1.003.002.22.00 1.003.001.62.00 1.003.001.62.00 1.003.002.12.00 1.003.001.32.00 1.003.000.72.00 1.003.000.82.00 1.003.001.72.00 1.003.002.42.00 1.003.002.52.00 1.003.002.32.00 1.003.001.82.00 1.003.001.82.00 1.003.002.32.00 1.003.002.42.00 1.003.002.12.00 1.003.001.92.00 1.003.002.12.00 1.003.002.32.00 1.003.002.42.00 1.003.001.62.00 1.003.001.72.00 1.003.002.02.00 1.003.002.62.00 1.003.003.22.00 1.003.002.62.00 1.003.002.02.00 1.003.002.12.00 1.003.002.82.00 1.003.002.22.00 1.003.002.22.00 1.003.002.42.00 1.003.002.82.00 1.003.002.42.00 1.003.002.32.00 1.003.002.12.00 1.003.000.72.00 1.003.001.02.00 1.003.001.42.00 1.003.001.72.00 1.003.001.12.00 1.003.002.02.00 1.003.002.32.00 1.003.002.22.00 1.003.002.22.00 1.003.002.22.00 1.003.002.22.00 1.003.001.72.00 1.003.002.52.00 1.003.002.42.00 1.003.002.52.00 1.003.002.42.00 1.003.002.22.00 1.003.001.82.00 1.003.001.42.00 1.003.001.72.00 1.003.002.22.00 1.003.003.12.00 1.003.003.42.00 1.003.003.52.00 1.003.003.42.00 1.003.002.62.00 1.003.002.02.00 1.003.001.22.00 1.003.001.12.00 1.003.001.42.00 1.003.001.22.00 1.003.000.42.00 1.003.000.12.00 1.003.00-0.32.00 1.003.00-0.92.00 1.003.00-0.82.00 1.003.00-0.92.00 1.003.000.12.00 1.003.001.02.00 1.003.001.32.00 1.003.001.92.00 1.003.001.62.00 1.003.001.42.00 1.003.001.82.00 1.003.001.42.00 1.003.001.02.00 1.003.001.82.00 1.003.001.72.00 1.003.001.92.00 1.003.002.42.00 1.003.002.02.00 1.003.002.42.00 1.003.002.32.00 1.003.002.22.00 1.003.003.32.00 1.003.003.32.00 1.003.003.72.00 1.003.003.12.00 1.003.002.72.00 1.003.003.12.00 1.003.003.22.00 1.003.002.92.00 1.003.002.92.00 1.003.002.32.00 1.003.002.52.00 1.003.002.62.00 1.003.001.92.00 1.003.002.02.00 1.003.001.22.00 1.003.001.52.00 1.003.001.32.00 1.003.001.22.00 1.003.001.22.00 1.003.001.22.00 1.003.000.82.00 1.003.000.82.00 1.003.000.52.00 1.003.001.22.00 1.003.001.02.00 1.003.000.42.00 1.003.000.72.00 1.003.001.22.00 1.003.001.32.00 1.003.001.12.00 1.003.001.12.00 1.003.000.72.00 1.003.000.92.00 1.003.001.22.00 1.003.001.52.00 1.003.001.12.00 1.003.001.52.00 1.003.002.02.00 1.003.002.32.00 1.003.002.42.00 1.003.002.12.00 1.003.002.12.00 1.003.002.02.00 1.003.002.42.00 1.003.002.02.00 1.003.001.52.00 1.003.001.02.00 1.003.001.02.00 1.003.001.22.00 1.003.000.82.00 1.003.000.92.00 1.003.001.02.00 1.003.001.32.00 1.003.001.32.00 1.003.001.02.00 1.003.001.02.00 1.003.001.42.00 1.003.001.62.00 1.003.002.02.00 1.003.001.42.00 1.003.001.32.00 1.003.001.72.00 1.003.001.52.00 1.003.001.52.00 1.003.001.32.00 1.003.001.12.00 1.003.001.32.00 1.003.001.52.00 1.003.001.22.00 1.003.001.52.00 1.003.002.12.00 1.003.002.02.00 1.003.001.62.00 1.003.001.62.00 1.003.001.32.00 1.003.001.02.00 1.003.001.22.00 1.003.001.42.00 1.003.001.62.00 1.003.001.42.00 1.003.002.12.00 1.003.001.92.00 1.003.001.72.00 1.003.002.22.00 1.003.002.32.00 1.003.002.22.00 1.003.002.22.00 1.003.002.52.00 1.003.003.02.00 1.003.002.82.00 1.003.002.22.00 1.003.002.42.00 1.003.001.72.00 1.003.002.02.00 1.003.001.42.00 1.003.001.52.00 1.003.001.92.00 1.003.002.02.00 1.003.002.42.00 1.003.002.02.00 1.003.002.02.00 1.003.001.92.00 1.003.001.92.00 1.003.001.92.00 1.003.002.22.00 1.003.002.22.00 1.003.002.42.00 1.003.002.22.00 1.003.000.92.00 1.003.00-0.22.00 1.003.00-0.42.00 1.003.000.72.00 1.003.000.12.00 1.003.000.12.00 1.003.000.52.00 1.003.000.72.00 1.003.001.02.00 1.003.000.72.00 1.003.001.02.00 1.003.001.12.00 1.003.002.22.00 1.003.003.42.00 1.003.003.62.00 1.003.003.12.00 1.003.003.72.00 1.003.004.12.00 1.003.004.42.00 1.003.004.72.00 1.003.004.72.00 1.003.004.82.00 1.003.005.12.00 1.003.005.72.00 1.003.006.72.00 1.003.006.82.00 1.003.007.72.00 1.003.008.12.00 1.003.007.62.00 1.003.007.02.00 1.003.006.92.00 1.003.006.92.00 1.003.006.82.00 1.003.006.32.00 1.003.005.92.00 1.003.005.22.00 1.003.004.32.00 1.003.004.42.00 1.003.003.42.00 1.003.002.82.00 1.003.003.32.00 1.003.004.02.00 1.003.003.82.00 1.003.003.12.00 1.003.003.12.00 1.003.003.42.00 1.003.002.92.00 1.003.002.82.00 1.003.002.92.00 1.003.002.72.00 1.003.002.92.00 1.003.002.72.00 1.003.002.52.00 1.003.002.02.00 1.003.001.62.00 1.003.002.02.00 1.003.001.92.00 1.003.001.82.00 1.003.001.92.00 1.003.002.62.00 1.003.002.32.00 1.003.001.72.00 1.003.001.72.00 1.003.001.92.00 1.003.001.72.00 1.003.001.92.00 1.003.002.42.00 1.003.002.22.00 1.003.002.22.00 1.003.002.42.00 1.003.002.32.00