The deputy governor of the Bank of Canada acknowledged Thursday the institution has been unable to keep inflation at its target rate and should be "held accountable." "The aspect that we should be held accountable is exactly right," Beaudry told a news conference. He promised that when the Bank updates inflation projections in July, it will provide an initial analysis of the inflation forecast errors. His critics have warned that threats directed at the Bank of Canada undermine trust in the institution and, by extension, the economy. In response, Poilievre has claimed that he's just rattling "the elites."

Source: CBC News June 03, 2022 01:00 UTC