The current situation and the Bank of Canada's role With respect to the provision of central bank liquidity to the financial system, let me stress that the Bank's goal continues to be to keep the overnight interest rate close to its target.
3 A more detailed discussion of the measures taken during the crisis can be found in B. Cœuré, “Consolidating  the euro area’s economic recovery”, Introductory remarks prior to an informal exchange of views with the European Affairs Committee and the Finance Committee of the National Assembly, Paris, 13 May 2015; and “Outlook for monetary policy in the euro area”, Speech at Association d’Économie Financière, Paris, 2 February 2017 4 Namely, the “two-pack” regulation (Regulation (EU) 472/2013) and the Treaty Establishing the European  Stability Mechanism.