The Globe and Mail reports in its Wednesday edition that the Bank of Canada will not reconsider its 2-per-cent inflation target during next year's monetary policy framework review, according to Governor Tiff Macklem. A Reuters dispatch to The Globe reports that the target, which helps anchor inflation expectations, will undergo a formal review by the BOC and Finance Ministry in 2026. While the BOC will evaluate various questions ahead of the review, the 2-per-cent target remains unchanged. In a speech at the Bank of Mexico in Mexico City Mr. Macklem said: "The 2-per-cent target has proven its worth in achieving price stability over time. We are already facing a more uncertain and unpredictable world. Now is not the time to question the target." It is the first time the Governor said the 2-per-cent target will remain unchanged when the monetary policy framework is renewed. He mentioned that the BOC is considering how to respond to supply shocks, particularly as the Canadian economy is adjusting its supply chain due to uncertainty from U.S. tariffs. The BOC has held rates steady for its past three meetings at 2.75 per cent. Mr. Macklem noted that U.S. tariffs and supply chain shifts may lead to higher inflation.