Canada not looking to change exchange regime in 2021 review
Deputy governor highlights benefits to economy since adopting regime
The Bank of Canada is not looking to change its flexible exchange rate regime during the 2021 monetary policy framework review, deputy governor Lawrence Schembri said in a speech on June 17.
While the central bank is unlikely to alter its floating exchange rate policy, policy-makers must review even successful regimes regularly, he added.
In the speech, Schembri praised the regime for giving central banks the flexibility to set the course for monetary policy and inflation. It also helped
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