675]5kftw]]3t5fvng1}6]ik_media_dl_1.png Statistics Canada

(Bloomberg) — The Bank of Canada plans to keep its 2% inflation target, but is examining the best ways to measure core inflation and how to factor housing costs into its monetary policy decisions.

Speaking in Mexico City, Governor Tiff Macklem previewed some of the issues being considered in the coming review of the central bank’s monetary policy framework.

Because interest rates have a direct impact on housing demand, “it’s worth examining how monetary policy affects housing sector dynamics, and how best to factor housing affordability into our focus on overall price stability,” Macklem said in the text of prepared remarks.

The central bank reviews its mandate every five years, with the next one due in 2026.

Macklem hinted t

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