I would like to start by saying how much we at the Bank of Canada appreciate the opportunity to come here twice a year, following the release of our semi-annual Monetary Policy Report. We are very aware of the need to keep Members of Parliament and, indeed, all Canadians informed about what we're doing and why.
It's important that we explain our views on the economy and on inflation. So, thank you for the opportunity. I'm going to spend a few minutes summarizing for you our most recent Monetary Policy Report. But, before I do that, I'd like to say a few words about my colleagues here with me today.