Canadians are getting some insight into just why the Bank of Canada decided to raise its key interest rate last month.

The reason? 

Continuing strength of the economy.

Last year, the central bank announced it would start publishing its summary of deliberations about two weeks after its interest rate decisions in an effort to improve transparency around how those decisions are made.

The bank’s benchmark rate was hiked by 0.25% on January 25 after it discussed the risk inflation would get stuck higher than its 2% target.

The Bank of Canada’s governing council unanimously agreed that the bank‘s action so far had been forceful and that the full effects of interest rate hikes have not yet been felt.

The tight job market and strong Gross Domestic Product numbers were the rationale behind the council’s decision to raise its rate.

The central bank has also indicated it would take a conditional pause to assess how the economy’s responding to higher rates.