Canada was the first Group of Seven country to adopt an inflation rate target, which it did in 1991. More than 20 central banks–including the Bank of England and the European Central Bank (ECB)–now employ this tool. Inflation in Canada has averaged 2 percent since 1991, down from nearly 7 percent in the decade and a half preceding implementation of the target. ...
Will Canada Save the World? — Investing Daily
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