Over the years there have been some adjustments to the agreement, but the fundamental principles have remained the same. And that’s because it has worked. In the 30 years since the first agreement was signed, inflation has averaged almost exactly 2%. As a result of that stability, Canadians’ expectations have become solidly anchored on the inflation target.
Our monetary policy framework is one important way we put our independence into practice. But 2/7  BIS central bankers' speeches  there are others. The Bank has a Board of Directors made up of the Governor, Senior Deputy Governor and 12 independent directors.