C. Discussions over the Monetary Policy Framework Amid low interest rates and low inflation observed globally, central banks and academics have had discussions that mainly regard the monetary policy framework. The Bank of Canada reviews its monetary policy framework every five years; the Federal Reserve  10  Arguments for raising interest rates include the "theory of ammunition."
On the domestic side, investment should benefit from the very favourable financing conditions, the robust growth of corporate earnings currently observed and ongoing improvements in corporate efficiency. Consumption growth should evolve broadly in line with expected developments in disposable income. On the external side, ongoing growth in global demand and improvements in euro area price competitiveness should support euro area exports.