Bank of Canada Act should be amended to ensure central banks independence, report says
News Source : Financial Post
News Summary
- Every five years, the Bank of Canada and the federal government enter a review of the central bank’s policy framework.
- The next one is scheduled for 2026.
- The bank has indicated that the upcoming review will address how to find better ways to measure underlying inflation and focusing more on how monetary policy impacts housing affordability.
- The C.D.
- Howe report, titled “Don’t Take It for Granted: Strengthening the Bank Of Canada's Independence,” points to the need to ensure the bank's independence at a time when the autonomy of central banks is being questioned.
The Bank of Canada Act should be amended to secure the central banks independence as part of the governments fiveyear review of the institution, according to a report published by the C.D. Howe Inst [+4774 chars]
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