Preparation for the “go live date” is a key priority for the Central Bank. In addition to our own extensive preparations, our engagement with industry to date has entailed a heat-mapping exercise, issuing a questionnaire to firms, providing keynote addresses and participating in industry roundtable events.
There is virtually nothing which monetary policy can do at this stage to affect the growth in GDP in the September and December quarters. As far as monetary policy is concerned, those quarters are already substantially beyond influence.