Jonathan Ferro

Governor, what was your experience like?

I'm sure this was unexpected 12 months ago.

What was it like walking into the room and was it different to what you expected?

Governor, I sense you got the opportunity to articulate your argument.

Just how much daylight did you sense there was between you and everyone else on the committee?

Well, let's get into the neutral argument.

I think that's what separates you from a lot of people.

So you've got it in the mid twos, Governor, and you think we should get there quickly.

Can you just build out why you believe that's the case and why we should get there so fast?

So, Governor, that's the tension, I think, in your view that's worth exploring just a little bit more.

On the one hand, you don't think the economy's at risk of breaking down, but you also think we are excessively tight at the moment and getting tighter.

There are some people who would say, and we've had this conversation around the table this morning, if we were as tight as you're suggesting, why is the market within 1% of record highs?

Why are credit spreads super tight?

And why is this economy still doing okay?

Governor, just before you go, because I know you've got to run, have you got a taste for this?

Is this a position you'd like to keep beyond the end of this year?

Governor Myron, appreciate your time.

Diplomatic end.

Thank you, sir.

Thank you very much.