The MPS provides the overall monetary policy stance, while the monthly KFR remains the instrument for signaling this stance or any changes through an announcement by the Governor. Following the announcement, Open Market Operations (OMOs) will be conducted to support the Bank’s monetary policy stance.
The point I want to make today is that strengthening the IMF could help some countries – including those in Latin America – to willingly support and engage with the Fund. And this would increase the chances that these countries would willingly engage in the global economy. Unfortunately, in recent years, the attention of Canada and the United States has focused mainly on Asia.