Thanks very much, Chair.
Governor, I'll ask for your most concise answers as possible, as I want to leave a minute for my colleague Madame Chatel.
I want to confirm this for folks at home, so that my constituents in Etobicoke Centre or other Canadians who are watching this understand. What I hear you saying, Governor—I'm not trying to put words in your mouth, but I genuinely want to make sure we're very clear with Canadians—is that you've made a projection to the best of your ability of what inflation is going to be. You've taken into account all the various information you take into account to make that projection, including current plans for government spending.
Based on that, you decided to pause interest rate hikes, and you've projected, as you mentioned earlier today, that the inflation rate is heading back very close to target by the end of the year.
Am I adequately summarizing your—