POLITICS

Stephen Harper, Justin Trudeau Content With Bank Of Canada's Inflation Target

10/13/2015 05:03 EDT | Updated 10/13/2016 05:12 EDT
CP
OTTAWA — Conservative Leader Stephen Harper suggests a two-per-cent inflation target is working well for Canada and that he sees little need to alter it.

During a campaign stop, Harper expressed confidence in the Bank of Canada's overall policies.

In 1991 the bank and the finance minister agreed on an inflation-control target framework to guide Canadian monetary policy.

It has been renewed several times since, most recently in 2011 to the end of next year.

Harper says while the inflation target would be reviewed and discussed with the bank's governor, he was not looking at a substantial change.

Liberal Leader Justin Trudeau also says the two-per-cent target seems to have worked well.

However, he accused Harper of leaning on the central bank and using it to bolster his arguments — something Trudeau says he would not do.

Trudeau didn't elaborate on Harper's alleged interference.

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