Thank you, Mr. Chairman.
Welcome to our witnesses. It's great to hear an economic perspective from the highest order, I would say. It's very good.
There's one specific reference you made in your opening comments that I wanted to ask you about. In the closing line, you said that in line with the bank's outlook, further monetary stimulus is likely required in the near term. Could you give us some examples of what you mean by monetary stimulus? Can you give some examples of what that would be?