Therefore, a loose monetary policy is not likely to be pro-poor, nor would it be a net benefit to the economy over the longer term. In fact, the loss of central bank credibility, especially in cases where their independence is questioned, comes with high social costs over the longer term. This  4 International Monetary Fund. (2018). South Africa Article 4 Consultation.
This is not because we think that Canadians will actually experience widespread problems using means of payment other than cash, such as credit and debit cards, over the New Year’s weekend. Not at all.