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could start their interest rate cutting cycle. i could start their interest rate cutting cycle-— cutting cycle. i know, of course. _ cutting cycle. i know, of course, each _ cutting cycle. i know, of course, each economy l cutting cycle. i know, of| course, each economy is different, especially for the euro zone, such a diverse region so we cannot compare it necessarily to the uk, us, etc. is this showing in some way that the ecb and governments across europe have done a betterjob of managing better job of managing inflation betterjob of managing inflation or not? it betterjob of managing inflation or not?- betterjob of managing inflation or not? it is very difficult — inflation or not? it is very difficult to _ inflation or not? it is very difficult to compare i inflation or not? it is very i difficult to compare countries because in the last couple of years the rise in energy inflation was dealt with very differently by different countries. those countries that subsidised households and companies meant that the inflation rates could come down a little bit more quickly. in the uk's case, there was a delay to that passing on of inflation which is why it has remained higherfor inflation which is why it has remained higher for longer but it should also follow down fairly soon and the bank of should also be cutting robert around august time. just before