Nick Goodall

And I think every time we're going to talk about this, it's all going to come down to how long this conflict goes on.

And unfortunately, over the last week, it's like every day it feels like it's going to go longer than we thought the day before.

So that's obviously not good.

Does that mean, do you think, that there's more chance that the broader inflation impacts of higher growth

oil prices are going to flow through to other parts of the economy or do we still sit in this position where because we're paying more into those things that are affected by higher oil prices so there's less in other areas which is going to you know reduce inflation of those things and obviously the economy as you talked about with it being weaker there's downward pressure on that

How do you sort of balance those two things up?

I'm pretty sure it's the same conversation we had last week.

And you sort of took more in our conversations about these second round impacts of inflation as well.

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.