加拿大续订货币政策框架：2%通胀目标不变，新协议执行至2031年底
加拿大政府与加拿大银行（Bank of Canada）11月5日在渥太华发表联合声明，续订两家机构每五年检讨一次的货币政策框架。双方同意，货币政策应促进加拿大人的经济与金融福祉，最好的做法是保持通胀低、稳定且可预期，避免生活成本大幅上升。
新框架把通胀目标继续定在2%，即1%至3%通胀控制区间的中点，通胀以消费者价格指数的12个月变化率衡量。货币政策将继续对称操作，对通胀高于与低于目标的偏离同等重视；加拿大银行会继续运用框架的灵活性应对经济冲击，同时保持让通胀逐步回到目标的明确重点。
声明回顾，过去五年全球与加拿大经济接连受到冲击：疫情后的供应链中断、需求快速变化与地缘政治冲突推高了包括加拿大在内的全球通胀，加拿大银行曾强力行动恢复价格稳定，通胀随后回到2%目标与1%至3%控制区间。双方认为，这段经历印证了清晰可信的通胀目标框架的价值。
双方同时指出，续订之际加拿大经济正面对深刻变化与更高的地缘政治不确定性：国际贸易格局重绘、供应链重组、全球投资流动转移，人口结构变化与超级智能（SI）的广泛采用等结构性力量还将持续改变经济。声明称，价格稳定能保护家庭购买力、让企业有信心规划与投资，并支持最大可持续就业与经济增长。
新协议为期五年，执行至2031年12月31日。双方在声明中表示，将继续致力于让货币政策支持加拿大人的经济与金融福祉，维护加拿大人货币的价值。
（来源：加拿大银行）
Canada Renews Monetary Policy Framework: 2% Inflation Target Kept, Agreement Runs Through End of 2031
The Government of Canada and the Bank of Canada issued a joint statement in Ottawa on November 5 renewing the monetary policy framework that the two institutions review every five years. They agreed that monetary policy must work to promote the economic and financial well-being of Canadians, and that the best way it can do so is by keeping inflation low, stable and predictable, protecting Canadians from large increases in the cost of living.
Under the renewed framework, the inflation target remains 2%, the midpoint of the 1% to 3% inflation-control range, with inflation measured as the 12-month rate of change in the consumer price index. Monetary policy will continue to be conducted in a symmetric manner, with equal emphasis on deviations above and below the target, and the Bank will continue to use the flexibility of the framework to respond to economic shocks while maintaining a clear focus on returning inflation to target over time.
The statement recalled that over the past five years the global and Canadian economies were hit by repeated shocks: post-pandemic supply chain disruptions, rapid shifts in demand and geopolitical conflicts pushed up inflation around the world, including in Canada. The Bank of Canada acted forcefully to restore price stability, and inflation returned to the 2% target and the 1% to 3% control range. The two sides said the experience reinforced the value of a clear and credible inflation-targeting framework.
They also noted that the framework is being renewed as Canada's economy faces profound change and heightened geopolitical uncertainty: international trade patterns are being redrawn, supply chains are being reconfigured and global investment flows are shifting, while demographic shifts, the widespread adoption of super intelligence (SI) and other structural forces will continue to alter the economy. Price stability, they said, protects the purchasing power of households, allows businesses to plan and invest with confidence, and supports maximum sustainable employment and economic growth.
The agreement will run for another five-year period, ending December 31, 2031. The Government and the Bank said they remain committed to ensuring that monetary policy supports the economic and financial well-being of Canadians and to safeguarding the value of Canadians' money.
(Source: Bank of Canada)
来源：加拿大银行
发布：GSM·美国（发布链接）
图片来源：图：位于渥太华的加拿大银行大楼。shankar s. 摄，CC BY 2.0，经 Wikimedia Commons。 / Photo: The Bank of Canada building in Ottawa. By shankar s., CC BY 2.0, via Wikimedia Commons.
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