Thus, they contribute to the breadth and depth of markets and promote the price discovery process. •  Hedge funds are constantly on the spot to find and thereby eliminate arbitrage opportunities. Thus, they strengthen market efficiency. •  Hedge funds acquire risks unwanted elsewhere. Thus, they can contribute to a more efficient overall risk allocation and expand opportunities for portfolio diversification.
I want to emphasize that the pace of interest rate increases will depend on the Bank’s continuing assessment of the prospects for factors that affect pressures on capacity and, hence, inflation. There are significant risks and uncertainties around this base-case projection, related to the adjustment to changes in the global economy, including changes in commodity prices and exchange rates.