The Globe and Mail reports in its Wednesday edition that in a world of economic shocks and waning trust in institutions, the Bank of Canada faces a challenge: how to maintain public trust as inflation is influenced by factors beyond its control. The Globe's guest columnist Yali N'Diaye writes that a recent BOC staff paper indicates that supply shocks since 2022 have been more significant than pre-pandemic. This increased volatility leads to more frequent and prolonged inflation above the BOC's target, raising the chances that restoring price stability will result in weaker economic activity or higher unemployment than Canadians may find acceptable. Still, the BOC needs to convince Canadians these difficult policy decisions are being made in their best interest. The BOC faces a tougher challenge as expertise is contested, artificial intelligence fuels misinformation and polarization increases globally. The BOC is renewing its five-year monetary policy framework by the end of 2026 and has consulted various stakeholders since November, 2024, including consumers, large banks, economists, and representatives of youth and retirees. It noted concerns about the BOC's politicization in its consultation summary on its website.