The Future of Fiscal Repression

Inflation may not come back then to 2%. So is that the scenario that you see or well, sorry, it may not settle out. It sounds like we may see deflation in the short term. But do you think when it does settles, will the longer term level of inflation be a bit higher periodically? You hear this debate that, as you say, 2% was kind of plucked out of the air. Maybe it could be three. Do you think that's going to be a theme that we hear going forward as well? I think I think I Think that era of fiscal recklessness is over.

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