There is scope to do more with macroeconomic policy settings, if needed, given the strength of the public accounts at the federal level, and the outlook for declining inflation.
In assessing whether more is needed, and if so, how much, we will naturally need both to maintain a close watch on the data and to remember the extent of stimulus that is still in the pipeline as a result of past actions. Other supportive factors include the state of the financial system. This has been said many times but bears repeating.