What happens if there's too much tightening too quickly is that the economy is going to slow. Inflation will fall below the 2% target; there will be more people out of work and there will be less income in the economy. If there's less income in the economy, there's less spending and people aren't buying goods, so companies start discounting those goods and inflation comes down and gets too low, below our target. If you look at our projection, we have quite solid growth this year and next, with inflation coming back to target. Yes, it's a delicate job trying to balance those things, and we're going to assess that at each decision going forward.
On March 3rd, 2022. See this statement in context.