Nowadays, this is still one of the core questions in the creation and further elaboration of a new corpus iuris monetae for the euro. I shall enter into the details of this new body of monetary and financial law later.
In light of diminished inflationary pressures, the Bank of Canada has acted decisively and lowered its policy interest rate by a total of 75 basis points over the past two weeks. These actions provide timely and significant support to the Canadian economy. The Bank's policy rate has been cut in half since the beginning of December 2007.