Andrew Nicholl

Now they're saying, okay, we're going to get there faster.

And by faster, I mean quite quickly.

So they're currently projecting that they'll get to 3% by March next year, 27, about nine months away.

And they're kind of thinking, okay, it might not actually stop at three.

It might get up to 3.25%.

And again, it could go higher, might not go that high either, but that's where they're forecasting at the moment.

I think the key message there is that the destination isn't that different.

Like it's a little bit higher.

But we are likely to get there faster and that the interest rate you pay on your mortgage will likely go up faster than previously thought.

And given that the market will likely react to this, I'd expect that to kind of happen quite soon.

And Ed, actually, have you had a look at the swap rates yet?

I was in my taxi and I was... Oh, what were you doing in the taxi that you couldn't look at swap rates?

I'm sorry.

I was talking to my wife.

Remember the days when he cared about us rather than his wife?

Yeah.

That was back when I didn't have one.

Interestingly, I watched Tony Alexander on the news this morning.

Oh, you mean Gareth?

where the reporter messed up his name.