Monetary Policy Report - November 1995

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This is the second in a series of semi-annual reports designed to increase the transparency and understanding of Canadian monetary policy.

As discussed in the first Monetary Policy Report published last May,the best contribution that monetary policy can make to good overall economic performance is to preserve confidence in the value of money through price stability. To this end, for the past 4 1/2 years the Bank of Canada has successfully pursued inflation-control targets along a path towards price stability.