Understandably, when people feel uncertain, they sometimes feel that it’s best to delay making decisions, especially if those decisions are difficult to reverse. We want to seek out more information before proceeding. We want to wait. So, to draw these two observations together: Australians have managed pretty well over the past quarter of a century, but we feel a bit uncertain about the future.
1 / 11  BIS central bankers' speeches  In my view, despite the uncertainties, we should still be looking forward to the future with some optimism. Here in Australia, with our long track record of good economic growth and our demonstrated ability to adjust to a changing world, we have a set of advantages that not all countries have.