That's exactly what I was talking about.
What's important about that is that you have a goal—less than 1%—and you also have a date on it, so that going forward, in order to respect that target, you won't be able to increase spending substantially.
On February 1st, 2024. See this statement in context.
February 1st, 2024 / 12:10 p.m.
Governor, Bank of Canada
That's exactly what I was talking about.
What's important about that is that you have a goal—less than 1%—and you also have a date on it, so that going forward, in order to respect that target, you won't be able to increase spending substantially.
See context to find out what was said next.