Although the Bank of Canada Act lists several intended objectives of the Bank of Canada,the Bank of Canada's stated sole policy objective since the early 1990s has been
A) economic growth.
B) exchange rate stability.
C) low unemployment.
D) low inflation.
E) government budget surpluses.

Question

Quizplus · Accepted Answer

Since the early 1990s, the Bank of Canada's stated sole policy objective has been achieving and maintaining low inflation, which is defined as a target annual inflation rate of 1-3%. This is reflected in the Bank's inflation targeting framework, which involves setting a target for the inflation rate and adjusting monetary policy to achieve that target.

Although the Bank of Canada Act Lists Several Intended Objectives