Developments in each of these three areas will affect the pace at which inflation returns to target and whether the economy can remain on an even keel over the next couple of years. So we will be watching these issues carefully over the months ahead. Thank you for listening. I am happy to answer your questions.
Endnotes  10  [*]  I would like to thank David Jacobs for assistance in the preparation of this talk. [1]  See Carstens A (2022), ‘A story of tailwinds and headwinds: aggregate supply and macroeconomic stabilisation’, speech at the Jackson Hole Economic Symposium, Wyoming, 26 August.