Thank you for the question on interest rates.
As you alluded to, yes, interest rates are higher than they have been in a while. This is acting to slow the economy now. Inflation is expected to slow as well throughout the year. Given that, expectations are that rates will start to go down next year and return to what we call the “neutral rate“ of interest, which is between 2% and 3%. In fact, the private sector expects interest rates will go back to 2.4% in 2027.