Since then, the economy has performed better and inflation has been higher than in that scenario. As a result, interest rate expectations have moved higher. It is too early, though, to conclude that inflation is sustainably in the target range. In underlying terms, inflation has just reached the midpoint of the target band for the first time in over seven years.
13 To this end, we decided in November 2000 to announce adjustments to our policy rate on eight fixed dates throughout the year. 14 Four of these announcements are accompanied by our Monetary Policy Report, which sets out our outlook for the global and Canadian economies as well as the risks to our projections.