Thank you.
I would like to move on to something else now.
I would like you to talk to us briefly about the importance of the Bank of Canada's independence in managing its policy, specifically in inflationary times.
We have seen the decision from the U.S. Federal Reserve. Analysts are saying though that Joe Biden is hoping to see interest rates drop before the end of the presidential campaign to increase his support in the polls.
Do you feel the same kind of pressure here? Various columnists are considering the possibility that the current Prime Minister might step down, that there could be a leadership race and that economic conditions might improve, specifically as a result of lower interest rates, perhaps by the summer. Do you feel that kind of pressure in your decisions?
I want to stress the importance of independent monetary policy.