Bank of England Chief Economist Peel voted in favor of raising interest rates to 4% at both of his recent meetings, citing concerns that inflation will continue to exceed the Bank of England's 2% target. Pierre stated that policy makers should not take the current inflation situation lightly, as there is a risk of further inflation due to the impact of energy price increases caused by the Middle East conflict. He said that in the past, an inflation rate 1 percentage point higher than the target would have been seen as a "problem". "I think it should still be seen as a problem now, because our mission is very clear, which is to always maintain inflation at 2%. I am indeed a little worried because the previous inflation rate rose to 11%, and policy discussions have now turned into 'Oh, 3% inflation is not that bad'." He said that it was not easy for him to make a voting decision different from the majority of members. "I want to emphasize that I did not vote against it just to attract attention or act as a troublemaker in the committee. During my tenure as a member of the Monetary Policy Committee, if there was any inclination, In other words, even if I have doubts about the committee's views, I usually tend to support the overall stance of the institution