High inflation top of mind at Bank of Canada decision making, deliberations summary shows | CBC News

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High inflation top of mind at Bank of Canada decision making, deliberations summary shows | CBC News
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Central Bank to release summary of what was discussed at recent meeting to decide on interest rate policy. | CBCBusiness

Central Bank releases summary of what was discussed at recent meeting to decide on interest rate policy.

Central Bank releases summary of what was discussed at recent meeting to decide on interest rate policy
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Bank of Canada takes historic step in improving transparency with release of minutesBank of Canada takes historic step in improving transparency with release of minutesThe Bank of Canada will release minutes from its policy setting meeting for the first time on Wednesday, as the central bank battles to restore credibility lost during last year's fight to contain inflation. The Bank of Canada has come under a rare attack from critics, including the opposition Conservative leader Pierre Poilievre, for misjudging inflation, which led to renewed calls for it to release minutes and be more transparent about its decision-making process. While inflation was a global problem, the Bank of Canada has stood out from its peers, including the U.S. Federal Reserve, the Bank of England and the European Central Bank, in not providing some form of record of their meetings.
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