We're guided, really, by inflation and achieving our inflation mandate. It is important, when you're targeting inflation—because there are lags in the effects of monetary policy—to look forward, not only to where inflation is but also to where you think it's going. That's where the labour market becomes particularly important. Inflation has come down from 8% last summer to 4.3% today, and the labour market has remained very strong.
Our own forecast is that growth is going to be weak through the rest of this year, and to be frank, we need weak growth. We still have demand running ahead of supply in the economy. We still have a lot of upward pressure on service prices. If we're going to get inflation back to 2%, we need to relieve those pressures, so we actually need this period of slower growth to let supply catch up.