These conditions, however, would not be the result of a special monetary policy objective favouring one economic group over the other, but rather part of the automatic rebalancing of the economy after the recession. Of course, relative advantages would be reversed during economic expansions, when real interest rates would become higher, to the relative benefit of savers as opposed to borrowers.
This is a simple testament of the confidence the Bank has in your students, academic staff and your efforts to offer quality research, teaching, learning and community engagement and will further strengthen the relationship. I have the opportunity today to be shown around the school and have witnessed firsthand the upgraded educational facilities.