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Canada Finance Minister, Bank of Canada set to unveil monetary policy framework -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Financial institution of Canada constructing in Ottawa, Ontario, Canada June 22, 2020. REUTERS/Blair Gable/File Photograph

OTTAWA (Reuters) – The Financial institution of Canada and the finance ministry are scheduled maintain a information convention on Monday, officers mentioned on Friday, a transparent signal they may announce the renewal of their five-year financial coverage framework.

Reuters reported on Thursday the central financial institution would quickly announce it was leaving its inflation goal at 2% in a framework renewal. The central financial institution and the finance ministry evaluate the inflation goal, which expires at year-end, each 5 years.

The Financial institution of Canada is because of make an announcement at 10 am Japanese time (1500 GMT) on Monday and an hour later Governor Tiff Macklem and Finance Minister Chrystia Freeland will maintain a joint information convention.

Neither the central financial institution nor Freeland’s workplace have been instantly out there for remark.

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