Hon GRANT ROBERTSON (Minister of Finance): I stand by my statement in the context it was made in a speech for the Wellington Chamber of Commerce this morning. As I went on to say, global supply chain disruptions, ongoing localised lockdowns in China, and Russia's illegal invasion of Ukraine have pushed inflation rates to higher levels. On the second part of the question, my expectation is that the Reserve Bank will fulfil the obligation under the monetary policy remit that I agreed with them to keep future annual inflation between 1 and 3 percent over the medium term. I note that the Reserve Bank has forecast inflation to come back down over 2022 and back inside that target band in 2023.