Mr. Vasileios Madouros:

We do, and there are also some simple metrics that could be looked at - for example, the split between services and goods, which become increasingly more in terms of the service sector. As the Governor mentioned, we have seen a broadening of inflation across the consumer basket and a number of price increases becoming more widespread and persistent. I will say two more things if that is okay. First, irrespective of the precise source of the shock one of the things monetary policy tries not to do is become embedded in people's expectations and behaviour, and avoid those potential second round effects. The second is in terms of how monetary policy has operated. If you think about where we started, it was very accommodative and supportive of demand. What has gradually happened over the past year has been the removal of that accommodation. There is less support of demand. Now, as the Governor said, the question is how far it should get into restrictive territory and for how long.