That's fair. Thank you. It's just that when you're presented with the fiscal plan of a government, and we want to keep interest rates low, in my view it didn't leave the Bank much opportunity to change away from its course.
Let's move on to talking about low-income Canadians. You gave a speech a year ago, and you mentioned it here again today, to the effect that inflation has such a significant effect on low-income Canadians, those individuals who are cash-strapped, if you will, or living month to month, paycheque to paycheque. Our decision, the government's decision, the Bank's decision, to continue the lower interest rate policy for longer and longer still has had a significant effect on these individuals.
How would you recharacterize what you said just a year ago?