By implementing such bold policy measures, the Bank has intended to clearly indicate to the public that the basic thinking behind its monetary policy – that is, the policy regime – has changed, and also to encourage them to change their behavior in view of such change.
Perhaps the most important thing that Canada and the United States can do is to demonstrate our support for those countries that have made the right policy choices. In this way, we can show the citizens and their governments that they are on the right path to development.