 Inflation is too high. It is hurting people, especially the underprivileged. That is why we have decided to raise interest rates. It is the first rate hike in 11 years, and so it is a very important step. We took it because even though a lot of the inflation we are experiencing is outside our control, such as high energy and food costs because of the war in Ukraine, we can and must stop this inflation becoming entrenched in our economy. Our actions tell the public, companies, workers, investors, that inflation will definitely return to our 2% target over the medium term. This was not the first step on our journey, and it won't be the last. There should be no doubt that we are committed to maintaining price stability and returning inflation to 2% in the medium term. That's our job, and we will deliver.