Inflation has extended its stay within the 3-to6-per-cent target range to 26 months – more recently amid a strongly growing domestic economy and robust domestic demand. The inflation outlook has deteriorated moderately over the past few months, mainly as a result of developments in international crude oil prices.
Monetary policy and financial stability  Given the imperfect status of the economic literature, despite notable recent advances, what should monetary policy do with respect to financial stability? Experience suggests a few general considerations that central bankers should take into account in the conduct of monetary policy. I will mention four.