Once you lose control, and once people feel that inflation is not in control, then it actually requires much more effort to keep it down or get it back than when people have confidence. I think it's absolutely true that at the moment the level of confidence—certainly the level of confidence in financial markets that we have things fully under control—is not there. Therefore, there's a term premium on interest rates, because there's a worry that we will not be at 2% again.
The bank is pursuing a policy to try to provide a degree of restraint. As I said—