In this context, we welcome your endorsement of the reforms, Chairman, as being ‘an important win for Australian consumers’. Our intention, as stated in our document, is to put these reforms into effect in stages over the next year.
The enforcement of the Pact must be ensured, and pressure must be raised to consolidate during economic expansions - and there is one in the offing right now! 5. Conclusion  What contribution can central banks make? In a nutshell, they can deliver price stability.