We are fortunate that we  BIS central bankers’ speeches  5  can see these shifts in economic temperatures as they occur. The key is having an economy that is flexible enough to sustain the shocks and adjust to them smoothly.
We are monitoring this behaviour, to assess the degree of any ‘front-loading’ of our capital proposals, and I encourage all customers to question their banks on issues of competition. I have covered a lot of ground. Why are interest rates so low? Why is this a global issue? What does it mean for New Zealand business and the Reserve Bank?