But we should always be looking to see if there are ways to make good performance even better. This is why the Bank is launching a concerted research program to see if our already very successful inflation-targeting framework can be improved. In particular, we want to find answers to two questions.
First, what would be the costs and benefits of an inflation target lower than 2 per cent? Second, what  1  Available at: http://www.bankofcanada.ca/en/fsr/index.html  BIS Review 121/2006  1  would be the costs and benefits of replacing the current inflation target with a longer-term price-level target?