In doing so, this scheme has supported confidence that Australia’s ADIs will be able to access the liquidity needed to support their customers. It has also contributed to the low cost of borrowing new funds at fixed interest rates for businesses and households.
BIS central bankers’ speeches  5  Going forward, better awareness, a certain spirit of multilateralism and, last but not least, improved mechanisms to foster traction of policy advice will be crucial elements to strengthen the effectiveness of surveillance in contributing to global stability.