Bank of Canada’s Poloz says rise of global trade poses challenge for inflation targets

 Central banks may find it more challenging to maintain inflation targets as the world economy becomes more integrated with increased international trade, the head of the Bank of Canada said on Monday.

Policymakers need to acknowledge the risks from these changes and consider how to blunt their potential impact on monetary policy decisions, Governor Stephen Poloz said in a lecture at Western Washington University in Bellingham, Washington.