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Bank of Canada official says it's 'accountable' for failure to check for inflation

State Media: 'The deputy governor of the Bank of Canada acknowledged Thursday the institution has been unable to keep inflation at its target rate and should be "held accountable."


'Paul Beaudry made the remarks in response to Conservative leadership candidate Pierre Poilievre's claim last month that Bank of Canada governor Tiff Macklem was "surrendering his independence" to Prime Minister Justin Trudeau through a "money-printing" quantitative easing program in response to the pandemic-driven economic crisis.


'During the party's official English-language debate in Edmonton, Poilievre also said he would fire Macklem if he becomes prime minister.


'Beaudry was asked by reporters Thursday to respond to those remarks.


'"The aspect that we should be held accountable is exactly right," Beaudry told a news conference.'

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