Anthony Macdonald

And they have the trim mean inflation getting back to the 2.5% range in the year to June 2028.

So a full two years away.

And that also ensures that by then unemployment is going to be up to 4.7%.

It's currently at 4.3%.

So we need job losses to get there.

Yeah, I'm sort of scratching my head a little bit as to how it all plays out, James.

But I think in the near term, when inflation is up near 5%, what other choices are they going to have?

I mean, the other thing worth watching, and we mentioned it in the intro, the Australian dollar.

I mean, we have the highest rates ever.

amongst the big developed countries in the world, AAA rated government balance sheet, that attracts money.

And that's been coming to Australia.

People are saying, all right, I'll come there.

I'll take the 4.35% or a bit higher that I can get.

And that's driving up the Aussie dollar.

So it's now at about 72, 72 and a half cents, high since April, 2022.

It's just sort of been on this steady march higher.

It hasn't attracted a lot of attention and companies aren't really talking about it, but that's ticking away in the background as well.

Is that official Chanticleer guidance?

James, remember the last time you made one of these calls?

You got it right.