More fundamentally, the Bank renewed its five-year inflation-targeting agreement with the Government last year. After a thorough look at all the evidence, we concluded that setting interest rates to aim inflation at a target of 2 per cent remains the best policy. Amid all the uncertainty, we can provide Canadian businesses and consumers with certainty about the future value of their money.
The tool of “moral suasion” can only work properly if there is a close dialogue and mutual trust between the overseers and SWIFT. In this  2  BIS Review 92/2006  context, a strict confidentiality regime is of the essence. After all, the oversight role involves the sharing of very sensitive information, and the disclosure of this information may have severe consequences.