Nonetheless, the Committee will respond to changes in economic prospects as needed to fulfill its obligation to maintain price stability.”  2  BIS Review 44/2005
In fact, by that measure, China’s economy is the second largest in the world, after that of the United States, and India’s is fourth, after Japan’s. Their influence is intensifying the competitive pressure facing producers in other countries, including Canada. But it also means new, fast-growing sources of demand and new opportunities for us.