Ivey Business School invites Deputy Governor Rhys Mendes to speak about the renewal process for the Bank of Canada’s monetary policy framework and, in particular, the question of how the Bank measures core inflation in a more shock-prone world.
The structural tailwinds of peace, globalization and favourable demographics are turning into headwinds. Global trade is being also rewired, and new technologies are proving disruptive. With big, structural changes come more and larger shocks. And that can mean more volatility in inflation.
In this environment, cutting through the noise is more important than ever. The Bank’s job is to support the Canadian economy by keeping overall inflation close to 2%. Core inflation measures help the Bank achieve this goal by taking overall inflation and filtering out short-term noise.
Register now to learn more about how the Bank uses measures of core inflation and other indicators to assess if movements inflation are temporary or lasting, and what questions it is asking ahead of its 2026 framework renewal. This speech is a must-attend event for anyone interested in gaining more insight into how the Bank looks at inflation in its policy deliberations.
For more information on the review and renewal of the monetary framework, click here.
Event Registration
Admission is free, but registration is required.
For any questions, please contact us: LNC@ivey.ca.
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Hosted by Ivey's Lawrence National Centre for Policy and Management and the Scotiabank Digital Banking Lab.