We will be watching inflation data especially carefully to see if it is coming in broadly in line with our forecast.
- 13 -  Chart 11: Inflation is forecast to return to the 2% target in 2024 Year-over-year percentage change, quarterly data  % 8 6 4 2  Start of forecast (2023Q1)  0 -2  2017  2018  2019  2020  2021  2022  1%–3% inflation control range  2023  2024  CPI inflation  Sources: Statistics Canada and Bank of Canada calculations, estimates and projections  Conclusion It’s time for me to conclude.