We're not here today to take monetary policy decisions. As I indicated in my opening statement, the focus in the initial months of the crisis was very much on restoring orderly market conditions. We are pleased to see that market conditions are normalizing.
With that, we are turning our focus more to monetary policy. An important step in that regard will be the publication of our monetary policy report in July where we will provide an outlook for the Canadian economy, recognizing there is still a lot of uncertainty, particularly around the evolution of the pandemic. I imagine it's going to be more of a scenario, possibly with some risk scenarios around that. It will provide us a planning scenario that will be important for the calibration of monetary policy, because as you're aware what we do today affects inflation, with some lag. We have to look forward.
That's the next step in the process to determine how much monetary stimulus will be needed and help us figure out for how long.