-5This is because employment already plays a central role in the flexible inflationtargeting framework. For inflation to reach its target sustainably, the economy has to reach full employment. The two go hand in hand. Our public consultations complemented the expert analysis. The results highlighted both the diversity of Canadians’ experiences and some common themes.
Useful initiatives have also been launched by the Bank for International Settlements as regards meetings at the Governors’ as well as experts’ level. Most recently, the Governor of the Central Bank of the Republic of Turkey was invited to the Global Economy Meeting, the most important forum for central bankers in the world, which I have the privilege to chair.