How to manage inflation: Canadian experience at KASE lecture

KASE held an open lecture by Professor Malik Shukayev from the University of Alberta. Participants discussed Canada’s experience in combating inflation and various approaches to ensuring price stability.

Canada adopted inflation targeting in 1991. Its model combines a 2% inflation target with flexibility in responding to economic shocks, a floating exchange rate and transparent communication between the central bank, the market and the public.

The Canadian experience demonstrates how consistent monetary policy and trust in the central bank help maintain price stability. At the same time, there is no "one-size-fits-all" solution - international practices must be adapted to specifics of each individual economy.