When we lowered the rate in January, we were in an extremely uncertain situation. This is not an arithmetic exercise to decide what the economy will do. In fact, the day Carolyn and I did our press conference, oil prices were still falling and were already $10 lower than the assumption that we had embedded in our forecast. So at the time it felt like we needed to take out some insurance—and we use the term insurance very carefully—because we wanted people to understand that we didn't really know how this would all turn out, but we figured it was on the downside enough that we needed insurance against it.
Over the course of the next few months, oil prices stabilized. They recovered a little bit. Today that oil price of $60 is around $65 for Brent. Things are a little more positive in that sense. With that, plus the fact that after we cut rates other central banks cut rates, and the whole Canadian yield curve went down significantly, and the Canadian dollar went down noticeably—those things in combination allowed us to do a new forecast that shows that the economy gets back to full employment around the end of 2016, which was our hope, our plan. That means that the insurance amount was about right. Therefore there was no need for us to take further action to offset the shock that has occurred—on our current understanding.