Finally, on house price inflation, ACT's position that the RBNZ should take housing costs into account when making decisions would be welcome during its decision-making policy and processes. We also note from today's release of the November 2020 monetary stability report that there is a concern that increases in highly leveraged borrowing, if continued, could lead to emerging risks to financial stability longer term. So we encourage the monetary policy committee to reflect on this area of policy, and we would like to see a risk management framework around that which improves governance, transparency, and actually delivers the objectives of the RBNZ.