As we assess the impact of the lockdowns on the economy, it is important not to lose sight of the fact that not all of Australia is affected. Significant parts of the Australian economy are still on the positive trajectory that was in place before the recent outbreaks.
The Bank of Canada Act calls on us "to promote the economic and financial welfare of Canada." We want strong and sustainable economic and employment growth. The best way we can help to achieve that is to promote confidence among Canadians in the future purchasing power of their currency.