22  The Governor’s Concluding Remarks Annual Report 2019  BANCA D’ITALIA  After the pandemic wanes, the world will be a different place.
As you are probably aware by now, the Board decided to increase the cash rate by a further one-quarter of a percentage point to 2.85 per cent. I will talk about the reasons for this in a moment. The previous time that the Reserve Bank Board met in Hobart was back in April 2016.