Governor, you spoke about some of the reasons that inflation has been so moderate for so long. I think two examples you gave were low-cost imports and technology.
These factors are unpredictable. We don't know exactly what technology will do to our costs into the future because, by definition, all technological developments involve introducing something new and unknown. Over time, the low-cost imports may become more expensive as labour costs rise in the developing world.
Do you have any concerns at all that inflation in the medium term might be higher than the consensus view?