And public understanding of fundamental economic relationships can also help the central bank to safeguard price stability. 5 Outlook Ladies and gentlemen, Our outreach work and our communication as a whole build a bridge between monetary policy and the general public. These kinds of bridges are vital.
Since the 1990s, Canada’s monetary policy framework, based on an explicit inflation-control target and a flexible exchange rate, has contributed importantly to putting the Canadian economy back on the right path to longer-term prosperity. This is the main theme of my talk today. I will conclude with a few remarks on recent developments and the outlook for the Canadian economy.