One nation under two per cent: Is it time for a shake-up of the economy’s most important number?


Published: 3Sep2020

September 3, 2020 | As far as the Bank of Canada is concerned, the economy works best when cost of consumed goods and services increases at a rate of about two per cent every year. In this article by The Kingston Whig Standard, Max Bell School Director Chris Ragan shared his thoughts on the Bank of Canada's options for the future of monetary policy.

“I think the debate that we should be having in the next, let’s say, year, is … what should the bank be targeting?” said Chris Ragan, Max Bell School Director. “Should it be targeting high or low inflation? Should it have a dual mandate? What should it be doing? And I think we need a better debate on these options.”

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