The pandemic impacted a number of sectors very unevenly, and thanks to the strong recovery, that unevenness has significantly smoothed out. That's a very positive effect of this strong recovery.
The economy has fully recovered from the pandemic, now moving into excess demand. That doesn't mean that every single sector has recovered from the pandemic. Some sectors are indeed still being affected, in particular the tourism sector, but the other sectors have more than made up for that.
Our mandate revolves around inflation, so it's very macroeconomic. We have to look at the economy as a whole, and it has just entered a period of excess demand.