In the face of this difficult external environment, the Bank will continue to support Canada’s economic expansion by keeping inflation low, stable and predictable. Since the crisis erupted four years ago, the Bank has demonstrated its nimbleness in the conduct of monetary policy. We reacted quickly and forcefully during the downturn.
As the  BIS central bankers’ speeches  5  Canadian recovery has progressed, we have emphasised that we would be prudent with respect to the possible withdrawal of any degree of monetary stimulus. The Bank always takes a flexible approach. Our decisions are guided by considered analysis and informed judgment rather than mechanical rules.