Ted’s Macro View – How Accurate are the Bank of Canada’s Inflation Forecasts?
Economist Ted Carmichael analyzes the accuracy of the Bank of Canada’s inflation projections over the past few years, providing insight on the implications and conclusions. Source: Ted Carmichael Global Macro The Bank of Canada is an inflation-targeting central bank. It sets monetary policy with an objective of returning the inflation rate to the 2% target within…
