We researched PLT for the  18 The Bank’s current estimate of the neutral rate of interest, which appeared in the January Monetary Policy Report, is 2.5 to 3.5 per cent in nominal terms, down from a range of 3.0 to 4.0 per cent a little more than three years ago.
19 The proceedings of the workshop, as well as speeches and other material related to the 2021 renewal and previous renewals, are available at Toward 2021-Reviewing the monetary policy framework. - 10 -  2011 renewal and, in the end, we concluded that its benefits did not clearly outweigh the costs and risks of making the shift.