The Bank of Canada's inflation-control target range is ________ percent a year, and monetary policy aims for a target inflation rate of ________ percent a year.

Question

Quizplus · Accepted Answer

The Bank of Canada's inflation-control target range is 1 to 3 percent a year, and monetary policy aims for a target inflation rate of 2 percent a year. This is known as the 2 percent inflation target.

The Bank of Canada's Inflation-Control Target Range Is ________ Percent