Bank of Canada studying whether core inflation can be measured better
By Promit Mukherjee and David LjunggrenOTTAWA, Oct 2 (Reuters) - The Bank of Canada is considering changes to how it measures preferred inflation metrics to give it a better idea of how external shocks are affecting the economy, a senior official said on Thursday.Deputy governor Rhys Mendes said inflation was becoming more volatile given swings in U.S. trade policy, structural changes and rising geopolitical conflict."So we need to think about how we assess — and talk about — underlying inflation as we confront this new reality," he said.
