This is why the Bank regularly reports its perspective on the forces at work on the economy and their implications for the path of inflation, including the horizon over which inflation is expected to return to target. 11, 12 When credible, flexible IT provides a disciplined framework that can best adapt to changing and complex circumstances in order to best stabilize the economy.
That makes the IT  10  Bank of Canada, “Renewal of the Inflation-Control Target: Background Information – November 2011.”  11  For example, see various issues of the Bank of Canada’s quarterly Monetary Policy Report. 12  Typically, the Bank seeks to return inflation to target over a horizon of six to eight quarters.