Yes, there are upside and downside risks.
As we outline in the monetary policy report, we think that the risks around our inflation forecast are reasonably balanced, but I would underline that with inflation still over 6%, we are more concerned about those upside risks.
Canadians have been enduring high inflation for too long. We are acutely aware that their patience is running out. The anxiety of high inflation continues. Inflation has come down from over 8% to a little over 6%. It is really important that Canadians see that inflation keep coming down to restore their confidence that we are going to get back to price stability.