On 8 March this year, the Council confirmed that the net purchases, currently amounting to € billion per month, should be made until the end of September 2018. If necessary, the purchases can be extended beyond that until the Governing Council sees a sustainable correction of inflation in line with its definition of price stability over the medium term.
Today, I would like to tell you about some of the steps we have taken to increase transparency in the conduct of Canadian monetary policy. In keeping with this theme, I will also take this opportunity to bring you up to date with the Bank’s view of recent economic developments at home and abroad and tell you how the outlook shapes up.