More generally, we can further assert that good monetary policy, like an efficient financial system, yields considerable benefits to a country's economy. We observe a positive feedback mechanism. In short, the Bank of Canada believes that by keeping inflation low, stable, and predictable, it maximizes its contribution to the well-being of Canadians. Let us look at that in greater detail.
4 The report recently released by the US authorities examining the “Flash Rally” in the US bond market on 15 October 2014 highlights some of the issues. 5 To remind you briefly what happened on that day.