Analyses of this kind always beg the question of their practical implications for any amendments to concepts for technical assistance that may be necessary or changes to priorities. This workshop can bring us an important step forward by also helping to formulate key questions for further research.
Over time, we have learned that the best way to fulfill this mandate is to keep inflation low, stable, and predictable. Specifically, that means we aim to keep the annual rate of inflation, as measured by the consumer price index, at 2 per cent. To keep inflation on target, we aim for a balance between total demand and total supply in the economy.