The effect has been largest in the mining sector and the key mining states, but it has been evident across the economy more broadly. The Exchange Rate The depreciation of the Australian dollar over recent years has improved Australia’s competiveness and thereby supported production in the tradable sector.
While ensuring that the public deposit-taking companies and systemically important non-deposit taking companies are well regulated, the Reserve Bank is looking to further strengthening of the NBFC sector so as to help the sector grow in terms of its asset base.