Our current account has consistently been in surplus for over a decade now. Our gross international reserves have been at record highs. And our banking system balance sheets remain strong, with NPL ratios continuing their decline to levels lower than pre-1997 crisis.
Shall we, however, continue to live in this Goldilocks world – where everything seems to be just right – where the porridge is not too hot, or too cold. Where the bed is neither too hard nor too soft. Where the chair is not too big or not too small? Are there other risks that lurk? How do we intend to respond to these?