BoC's Jenkins on the Bank of Canada Act

- Central Banking staff
- 21 Feb 2007

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In a speech given on 20 February Paul Jenkins of the Bank of Canada said in terms of openness and transparency, in many ways, the importance of these issues goes to the heart of our main responsibility: the conduct of monetary policy.

"Openness and transparency in our conduct of monetary policy is critical for two fundamental reasons. First, monetary policy is more effective when Canadians understand what the Bank is doing and why. Second, it is through openness and transparency that the Bank is

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