BoC And Finance Ministry Retain 2% Inflation Target, Midpoint Of 1%—3% Range

Inflation Measured By 12-Month Change In CPI - Equal Emphasis On Deviations Above And Below Target - BoC To Use Framework Flexibility To Respond To Shocks While Returning Inflation To Target Over Time - Reaffirm Low, Stable And Predictable Inflation As Monetary Policy s Best Contribution To Canadians Well-Being