BIS central bankers’ speeches  the purpose of a monetary policy framework is to allow Canadians to make longer-term decisions without having to worry too much about inflation – and that argues against changing our framework unless it’s really necessary. A matter of time Let’s now look at time and the way in which it enters into how we target inflation.
A major strength that traditional banks possess is a reputation for trustworthiness built over several decades. The banks have capital and can weather intense competition. They also have the benefit of experience and tried-and-tested infrastructure alongside specific financial knowledge of risk management, local regulations and compliance.