The Bank supports initiatives to improve productivity by delivering a climate of low and stable inflation that encourages well-informed, long-term business decisions, including decisions to invest in new high-tech machinery, equipment, and software. . . . ensuring that Canada's financial system and markets work efficiently The Bank also concerns itself with another factor in supporting good economic performance—a sound, innovative, and efficient financial sector.
I am convinced, as is the Governing Council, that we are definitely able to reach our objective of below, but close to, 2%. We are already seeing a build-up of reflationary forces. In the future we can certainly have a debate about our objective – as we did in the early 2000s.