If the challenge for our statistical agencies is not to lose in their race against technology, the challenge for policymakers is to make our best judgements about the limitations of the existing statistics, as we design policies to promote the economic well-being of our nations. BIS Review 106/1997
I'm pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada's Monetary Policy Report (MPR). Last week, we maintained the policy rate at 4½% as we continue to assess whether monetary policy is restrictive enough to return inflation to our 2% target.