Hon GRANT ROBERTSON: In reference to the first part of the member's question, I'd note that Stats New Zealand has not reported that most banks are now predicting swift increases in interest rates over the next year. The retail banks are forecasting the official cash rate (OCR) to be between 1.3 percent and 1.8 percent in a year's time. In September 2017, the OCR was 1.75 percent, so the forecasts are showing that interest rates are back to where they were under the previous Government.