Under this governance, the Banca d’Italia’s three-year strategic plan envisages two specific initiatives: one focuses on protecting the Bank’s critical assets by reorganizing security functions inside the IT Department; the other focuses on enhancing the cyber resilience of Italy’s financial sector by adapting the Eurosystem cyber strategy in line with the Italian National Cyber Security Framework and keeping an open dialogue with the competent national bodies.
One source of forecast uncertainty here is that Australia has had little recent experience with the low unemployment rates that are being forecast. At the peak of the resources boom in 2008, the unemployment rate briefly got as low as 4 per cent, but before that the last time the unemployment rate was at 4 per cent was in the early 1970s.