Mr. Gabriel Makhlouf:

Completely, but it also takes into account what inaction would do. Inaction means inflation would continue or increase further and the less well-off would be the most harmed. The reason we are increasing interest rates is because we do care about what happens to households and the economy. We need to get on top of inflation before it becomes embedded. As we know from history, if inflation becomes embedded, it is extremely damaging to the whole community, but particularly to the less well-off.