We have not had any of these in Australia in this expansion, which goes a long way to explaining why it has endured. The closest we have come to such an imbalance is the rise in residential property prices, which has produced distortions in some parts of that market. I will conclude by saying a few words about that subject.
In addition, today we have a large number of emerging markets whose experience can become key to the global stabilization of economic and inflationary processes. Ukraine has this experience too. The NBU has proved its capability to tame and curb inflation during the war.