Throughout this period of market turmoil, the Bank of Canada has remained in close contact with policy-makers both in Canada and abroad, including colleagues in other major central banks. We are closely monitoring global market developments, and will continue to provide liquidity as required to support the stability of the Canadian financial system and the functioning of financial markets.
Conclusion There are four main messages that I would like you take away from this evening's presentation. First, core inflation continues to be a useful operational guide for monetary policy. Second, it is always combined with other information as a check on the current state and future direction of trend inflation. Third, CPIX has not replaced the total CPI as our official inflation target.