I'll add one point to your summary.
In one of the scenarios considered, once we've raised interest rates high enough that we can anticipate a decline in core inflation, then we can be sure we've done enough. However, as noted in our report and in all my comments, risks of inflationary pressures remain.
In the other scenario, the inflation rate remains too high and we see no decline in core inflation. If that materializes, we're ready to raise interest rates further in order to lower inflation to the 2% target.
Our conclusion from last week is that we're seeing encouraging signs that our measures are working, that we've been patient, but, if any risk of inflation arises, we'll be prepared to raise interest rates.