If I'm hearing your answer right, does that mean the bank wouldn't really consider a lowering of the interest rate until you feel there is a risk of deflationary pressure? If inflation returns to target and is forecast to be on target for the foreseeable future, would you entertain a lowering of the interest rate? Does that begin to take into consideration factors outside of the simple rate of inflation?
On February 1st, 2024. See this statement in context.