00:00Well, we have had encouraging news. I mean, I'm very encouraged.
00:04We've obviously got now this understanding about what's going to happen in the Middle East.
00:11But, and energy prices have come down quite a lot, but they're still above where they were before this conflict
00:18started.
00:19Inflation is higher than we expected it to be.
00:22I really expected, and I really believe, we would have been back at the 2.2% target by now.
00:26But it is good news.
00:28But, of course, now what we've got to do is get it back to 2%.
00:32I think holding is the right position to be in at the moment for that.
00:36So I think it's a sensible decision in the light of the news.
00:40I'm encouraged, but we've now got to get inflation back down to 2%.
Comments