Nick Goodall

What do we mean by that?

How is that likely to play out?

How are we going to know when we're in this position?

How do we know?

If the Reserve Bank now are trying to control inflation in the medium term, and let's say that's six to nine months away,

How do we know what's going to be happening in six to nine months?

And I know it's dependent on the length of the conflict, but talk us through the potential for that.

There is.

And that's why I think it's so intriguing at the moment.

Right.

And, you know, I just wonder, as you say, yes, they're not trying to control the GDP or the economic growth necessarily.

But they know that what economic growth is doing today or expectations for economic growth at the moment or tomorrow or next quarter or the quarter after that.

like you said that has an influence on where inflation goes and that's why it's so important right even though they're not trying to go oh we need to speed up the economy so actually what the economy is doing is going to have an influence on inflation in six nine twelve months whatever it is and that's why it's so intertwined and that's why i think you get strong debates on this we can probably talk forever about it because there's no one read on this and that's why i always say we can say what we suggest they should do or whatever as much as we want it's really about what we think they will do

how we've learned from their style or their expectations and how they speak as to then what they're going to actually decide to do as well, which is why I think they'll speak tomorrow.

We'll certainly pay close attention to that.

I think from an oil perspective, you know, we haven't really heard from the government.

I think they're pretty close to agreeing what sort of support they're going to provide for petrol prices, probably in particular.

It doesn't sound like it'll be very broad, but that's OK.

But once we know more about that, too, that'll give us a feel for

how much true inflation people will be feeling on this as well and how much it'll be across the board or for certain sectors or for certain, if it's in business or if it's just at the lower income or whatever, maybe more targeted.