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Canada · Economy & Business · Normal
The Bank of Canada targets the midpoint of its official inflation-control range as the rate for annual consumer price increases; what is that midpoint?
Answer: 2 percent — The Bank of Canada targets 2 percent inflation as the midpoint of its 1-to-3 percent control range, renewed every five years with the federal government.
- A 2 percent ✓
- B 1.5 percent
- C 2.5 percent
- D 3 percent
The Bank of Canada targets 2 percent inflation as the midpoint of its 1-to-3 percent control range, renewed every five years with the federal government.