Bank of Canada governor Tiff Macklem, seen during a news conference in Ottawa, Wednesday, June 4, 2025, says flexibility is key as the bank prepares to review its rate-setting framework in a world undergoing an economic sea change. Photo by Adrian Wyld / The Canadian Press

Bank of Canada governor Tiff Macklem says flexibility is key as the bank prepares to review its rate-setting framework in a world undergoing an economic sea change.

Macklem on Tuesday discussed the central bank’s upcoming mandate review in remarks prepared for a speech in Mexico City today as the Banco de Mexico celebrates its 100th anniversary.

He noted that there is no suggestion the current two per cent inflation target would be considered as part of the mandate review.

The governor touched on the shift to an

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