Business investment spending is also expected to increase over the coming years, as damaged assets are rebuilt and replaced, as well as a more general lift in investment spending as activity in Canterbury and other regions recovers. We have continuously updated our reviews of the Official Cash Rate to take into account the impact on economic activity and inflationary pressures.
We have already begun a study to look back at how the RCGs have operated since their creation in 2011, how they interact with the FSB, and what best practices have been learned. Even while that study is underway, I am committed to improving our mechanisms for reaching out to countries outside the FSB for genuine learning about the effects of FSB actions.