Prudent policy-makers should always be striving to find better ways of getting things done. As I said at the beginning, our agreement with the federal government is up for renewal next year. So at the Bank, we have been busy thinking about those elements of our framework that we would not want to change, as well as others where changes might be considered.
Developments in the world economy and financial markets The Ministers of Finance and central bank governors of the Group of Seven industrialised countries issued a statement, after their most recent meeting on 21 April 2006, in which they confirmed that the strong global economic expansion continues into its fourth year and that the outlook remains favourable.