Calvin Davidson

So, yeah, I mean, they've signaled the end of rate cuts anyway, so it probably doesn't necessarily change the short-term thing too much.

But if you see inflation at the top of the target band, who knows, maybe we get some slightly more concerning inflation caters in the first quarter of this year as well.

with the economy turning around at the same time, you start to just go, hmm, you know, do we actually see OCR increases coming back onto the table sooner than what we thought?

So yeah, Thursday is going to be a big day.

That CPI number's pretty crucial.

I mean, it's the only thing that the Reserve Bank

has to sort of keep under control and their only target.

So yeah, it's going to be interesting.

And not saying we're going to see OCR increases anytime soon, but it's going to be pretty closely watched.

And if we did see a concerning inflation number, you wouldn't be surprised to see sort of wholesale interest rates start to tick up a little bit.

Who knows?

We'll see if that passes through to mortgage rates.

Yeah, it's good and bad.

I mean, obviously, a recovering economy is great.

We want to see more GDP growth, but it does tend to come with some inflation pressure as well.

So always trade-offs in the economy.

Not too much.

I mean, I guess the only other thing was part of that selected price indices releases that you get rents.

And yeah, rents still pretty soft.

I mean, it depends on your perspective, of course.