Recently, the Bank of Canada has communicated changes in its monetary policy by announcing changes in its policy targets for the:
A)growth of the money supply.
B)overnight loans rate.
C)prime interest rate.
D)Canadian dollar-foreign currency exchange rate.

Question

Quizplus · Accepted Answer

The Bank of Canada has announced changes in its policy targets for the overnight loans rate, specifically moving away from a specific numerical target and instead focusing on a "flexible inflation targeting" approach. The other options - growth of the money supply, prime interest rate, and Canadian dollar-foreign currency exchange rate - have not been mentioned in recent policy changes by the Bank of Canada.

Recently, the Bank of Canada Has Communicated Changes in Its