But some of the insights of AIT and a dual mandate could help us address the two important challenges facing monetary policy. What we agreed The new agreement on our monetary policy framework secures the continued benefits of flexible inflation targeting. And it provides increased clarity on how we will implement the framework to control inflation and help the economy reach its full potential.
The Government of Canada and the Bank of Canada agreed that the best contribution of monetary policy to the well-being of Canadians is to continue to focus on price stability. The Government and the Bank also agreed that monetary policy should continue to support maximum sustainable employment.