It is worth recalling that, although nowadays the fundamental link between monetary policy and price stability sounds obvious, and in certain cases (as in that of the ECB) it is enshrined in the Statute of the central bank, at that time this concept was ‘far from being the conventional wisdom’:12 it was decidedly marginal compared with the mainstream.
Certainly, we should expect to see our forecast coming true right here in Drummondville, as this has always been an export-intensive part of the country. Companies here are investing to diversify their product lines and their customer bases and are positioning themselves for new growth.