and that's actually one of the factors cited by the rbnz.'ve been able to cut much more aggressively 50 basis points again recently. whereas bank of england we're not sure where they're headed up ahead. >> so if you. >> actually do have. >> a commitment towards more fiscal consolidation, which the market will reward through lower borrowing costs and also interest rates can come down, i think that can help with the borrowing side a bit. but again, it is going to be a balancing act. >> and for andrew bailey, i mean the mandate from the bank of england is not about growth. so what can we really expect from the bank of england in terms of its role here in supporting the economy? >> i think he's going to be looking at the broader macro data. for example. >> i mentioned. >> in some of the surveys that hiring intention is certainly coming down. and we're seeing. >> that in. >> terms of vacancies. but at the same time, wages aren't really coming down. but i think what. >> he's been very firm in his. >> communication and saying, look, the direction.