Similarly, a given inflation trajectory can elicit different policy responses at different times depending on how the MPC members assess the risks to the forecast. A forecast with a strong upside risk could see a very different policy response to one with a strong downside risk.
Thus, as we look ahead through this year and into the next, we remain positive about the prospects for the Canadian economy. But, given the uncertainties, we will continue to closely monitor developments at home and abroad. Concluding thoughts Let me now conclude.