padhraic garvey, i appreciate you joining us. the market has been ingesting bank -- reaping the benefits of the fence interest rate hikes with a strong earnings report. we will break it down next. this is bloomberg. ♪ >> anyone sitting on the fence -- the hide that is going to be in trouble because of the higher interest rates. i see interest rates in america going 9% because the fed will have to keep raising rates. simply because, if inflation is a percent, -- 8%, the playbook says you have to raise rates higher than inflation which means 9%. that theory goes out the window if cpi goes down but i don't see a happening -- that happening. >> i am kriti gupta and that was mark mobius warning that interest rates will sort to a three decade high of 9% and that level would be eye-opening but that could help the banks with net interest income. that has been a big focus. we have shimao domestic -- sonali basak joining us. does bank of america need that help? >> you see the interest come in strong even though provisions for low boxes are