Thank you, Mr. Chair.
Mr. Macklem, in your presentation you pointed out that you expect to see the consumer price index, and therefore overall inflation, reach 3% in the first half of the year, 2.5% in the second half and 2% in 2025.
You then talked about the importance of taking core inflation into account in your analyses.
Could the Bank of Canada start reducing its key interest rate before the CPI rate reaches 2%?