Most important of all was the intention to bring about a Fiscal Responsibility Act. The canvass gets further enlarged beyond public sector banks and fiscal management to development of debt markets and interest rate flexibility in the budget for 2001-02. No doubt, in all the budgets there is progressive liberalisation of capital account.
As a result, market signals are sent and received more clearly, and Canadian businesses and consumers are more confident about the future value of their money. A critical feature of our inflation-targeting system is that we operate symmetrically around our target. This means that we care just as much about inflation falling below target as we do about inflation rising above it.