diff --git a/src/SpeedJumpIrm.sol b/src/SpeedJumpIrm.sol
index 8e03a4ad..d48c94b3 100644
--- a/src/SpeedJumpIrm.sol
+++ b/src/SpeedJumpIrm.sol
@@ -120,7 +120,10 @@ contract AdaptativeCurveIRM is IIrm {
         // Safe "unchecked" cast because elapsed <= block.timestamp.
         int256 linearVariation = speed * int256(elapsed);
         uint256 variationMultiplier = MathLib.wExp(linearVariation);
-        uint256 newBaseRate = (prevBaseRate > 0) ? prevBaseRate.wMulDown(variationMultiplier) : INITIAL_BASE_RATE;
+        // newBaseRate is bounded between MIN_BASE_RATE, MAX_BASE_RATE.
+        uint256 newBaseRate = (prevBaseRate > 0)
+            ? prevBaseRate.wMulDown(variationMultiplier).bound(MIN_BASE_RATE, MAX_BASE_RATE)
+            : INITIAL_BASE_RATE;
         uint256 newBorrowRate = _curve(newBaseRate, err);
 
         // Then we compute the average rate over the period (this is what Morpho needs to accrue the interest).
@@ -139,8 +142,7 @@ contract AdaptativeCurveIRM is IIrm {
                 uint256((int256(newBorrowRate) - int256(_curve(prevBaseRate, err))).wDivDown(linearVariation));
         }
 
-        // We bound both newBorrowRate and avgBorrowRate between MIN_RATE and MAX_RATE.
-        return (avgBorrowRate, newBaseRate.bound(MIN_BASE_RATE, MAX_BASE_RATE));
+        return (avgBorrowRate, newBaseRate);
     }
 
     function _curve(uint256 _baseRate, int256 err) internal view returns (uint256) {
diff --git a/test/SpeedJumpIrmTest.sol b/test/SpeedJumpIrmTest.sol
index 3aed5a1c..4fa3fc44 100644
--- a/test/SpeedJumpIrmTest.sol
+++ b/test/SpeedJumpIrmTest.sol
@@ -150,8 +150,7 @@ contract AdaptativeCurveIRMTest is Test {
         int256 speed = int256(ADJUSTMENT_SPEED).wMulDown(err);
         uint256 elapsed = (baseRate > 0) ? block.timestamp - market.lastUpdate : 0;
         int256 linearVariation = speed * int256(elapsed);
-        uint256 variationMultiplier = MathLib.wExp(linearVariation);
-        uint256 newBaseRate = (baseRate > 0) ? baseRate.wMulDown(variationMultiplier) : INITIAL_BASE_RATE;
+        uint256 newBaseRate = _expectedBaseRate(id, market);
         uint256 newBorrowRate = _curve(newBaseRate, err);
 
         uint256 avgBorrowRate;