This symmetric approach helps keep the Canadian economy near its production potential, thus encouraging strong, sustained growth in output and employment. Another feature of our monetary policy is that we aim to be transparent. At the Bank of Canada, we believe that monetary policy is more effective when people understand what we are doing and why we are doing it.
We publish regular reports and updates about our monetary policy. In the most recent Update, published on 26 January, we noted that the Canadian economy continues to adjust to global developments and to the associated changes in relative prices. As I said at the beginning, global economic growth is expected to remain robust-around 4 per cent this year and next.