We knew from the models developed by Banco de México that it was possible to implement a system with such characteristics and, more importantly, that this would yield a first class securities settlement system.
I think it is important to place these concerns into some context, so that Canadians can better understand the risks and implications of price shifts in the economy. That is why I'm going to concentrate most of my comments today on this subject. After all, the goal of the Bank of Canada's monetary policy is to maintain low, stable, and predictable inflation.