The Canadian Press

2015-10-27 | BoC Core Inflation

Preview Clip

The Bank of Canada is examining alternatives to its "core inflation" method of tracking prices as it prepares to review its inflation-control agreement with the federal government next year.

Date: 2015-10-27
Placeline: OTTAWA.
Source: The Canadian Press
Length: 33 seconds

Transcript Prediction: << you switch to a business audience in Halifax Deputy Governor Timothy Lane says an effective measure of core inflation has to be less volatile than total inflation he says it should also be related to the underlying drivers of inflation and easy to understand and explain to the public under its current 5-year agreement with all the while the Central Bank targets 2% inflation but excludes 8 of the most volatile component to calculate core inflation there are the methods but Lane says the inflation targeting used by the central bank has so far been vastly superior to the Alternatives that have been tried telling people they're going to be impressed Ottawa >>