 Bank of England very much data dependent. We look into the next rate hikes 25 basis points Probably even 50 basis points, but it doesn't seem to be an ending cycle. What do you see there? So the issue with Rate hikes and how they're reported in the media, especially at such a sensitive time is there's a meta-analysis that's been conducted on maybe 29 different studies and I think it was released in 2020 maybe a little bit earlier, but it basically says that in developed economies the lag time on Interest rate policy changes so rate hikes or rate cuts tends to take between 25 and 50 months to come to fruition in Developed economies and the reason in is is because the more financially developed they are I guess the more liquid they are You know that there's gonna be less of a direct impact. It takes time for credit changes to occur versus, you know developing economies but The Bank of England have to be really really careful because they're probably looking at now, okay, so there's been 14 consecutive hikes which started only What 18 months ago roughly, you know, we're nowhere near that even initial 25 25 month Minimum if you like that that meta-analysis Basically looked at So we're reaching I think terminal rate and 5.5 percent should be the terminal rate We are seeing you know guilt-yield soften a little bit especially on the two-year We hit that level where they reach back in 2007 and absolutely collapsed obviously with the financial crisis So I think you know, we're reaching a part of the story now where previously Something big happened and this is how I like to look at the market as well. What happened at a certain time And are similar issues happening again? We're seeing, you know, London house prices down 1.8 percent Very reminiscent of 2007 2008 and I'm not saying it's a it's a similar sort of banking liquidity crisis thing Excuse me, but when you go to You know trying to retell a story of what happened price reacts heavily in in similar ways You know, it's a footprint So, you know, we're at similar levels of 2007 a house prices are ticking down a little bit in London Outside they've actually, you know remain quite quite okay, which makes sense. Yeah But yeah, I think 5.5 percent and the Bank of England gonna say well We need to wait for these time lags to come in now because we're seeing cracks already