timing, doesf your that play a role? [laughter] we don't need to worry about what is happening in america. >> what matters most to our timing is the reason why u.s. monetary policy adjusts. we would expect it to a just because of that economy is continuing to grow above trend. there is inflation in that economy. i freak only remind people of this. -- i frequently remind people of this. since we became an inflation -- thisr, there are recovery in the u.k. started after the recovery in the u.s.. we are catching up. we may have a little more flexibility in our labor market because more people have stayed in the job market in the u.k.. we will take our decisions and we are certainly informed about what is happening. we will take our decisions based on achieving our targets. inflation around the west? inflation is very low. it says something about the .odern economy >> what has happened is that we have had a beer he severe shark, to severe shocks. want to global demand. the other -- one is a global demand. the equilibrium int