The Bank is determined to firmly support Japan’s economy from the financial side by maintaining monetary easing with the commitment based on the CPI even in a situation where the economy continues to recover. 2  BIS Review 72/2004
When US monetary authorities raise interest rates, the Bank of Canada has to look carefully at the reasons behind the move and decide what it means in terms of our ongoing assessment of the prospects for total demand and inflation in Canada. Developments in the US economy will always be important to Canada.