The Bank of Canada's pioneering of inflation targeting was undoubtedly of some assistance to the Bank of England's thinking in its adoption of this successful framework. We now may have something to contribute amidst the current maelstrom: a dispassionate and ultimately optimistic perspective on how to build sustainable markets in the age of global capital.
In addition, my ready acceptance reflects the realization that your Club and the Bank that I currently have the privilege to lead share common values related to improving the economic circumstances for our citizens.