It is important to remember that we have an inflation target, not an interest rate target. This means we do not have a pre-set destination for the policy interest rate. But I can say that Canadians should expect interest rates to continue to rise toward more normal settings.
Still, you’re contemplating a change in the asset purchase programme. What would be the triggers for such a change? We said in January that we were aiming at achieving a sustained path of inflation towards our objective and we are far from that objective right now. We want to achieve that sustained path.