One would expect that to have been the case anyway after many years of pretty robust growth, but we did not base our assessment on that alone. We based it also on the fact that an increasing number of businesses were telling us that constraints were appearing, especially, but not only, in the labour market.
This is just one example where being able to complement the dry statistical analysis by talking to firms has been very helpful. Decision-making I turn now to the more important, and altogether more subtle, process of actually coming to a policy decision, and the way in which the decision is understood in the community.