BIS Review 37/2010  3  Graph 5 G7 – Average Policy Rate %  %  12  12  8  8  4  4  0 1960  1970  1980  1990  2000  0 2010  Sources: Federal Reserve Bank of New York; Global Financial Data; Thomson Reuters  In Asia, concerns are already emerging about the implications of this.
1 Productivity in this speech refers to labour productivity. For a more detailed description, see the Productivity  backgrounder on the Bank of Canada website. 2 The average annual growth rate for potential between 1982 and 2016 was 2 1/2 per cent.