Thank you for your question. Our monetary policy objective is to have a low, stable and predictable rate of inflation. We have a symmetrical approach. The inflation rate is currently going down, as you mentioned, and we are working on quietly increasing the inflation rate in Canada to the target 2%. We feel it is a great advantage for Canada to have this target framework system, because we have an absolutely symmetrical approach. And you, the members of this committee, can judge whether or not the Bank of Canada is successful by referring to this target.
On February 10th, 2009. See this statement in context.