We have worked hard at being transparent, and these efforts have been recognized as world-leading among central banks. But we acknowledge that we have more work to do. We can be clearer in our communications with the general public.
And we will be as clear as we can be with financial markets, always guided by what we know and by what we do not know. My bottom line is this: being transparent is not only the right way to operate in a modern democracy, it also helps us meet our inflation-control target and our commitment to a stronger, more resilient Canadian economy.