We have deliberately allowed this to rise since we have a credit ceiling in place. But it is obviously too high and we would be reviewing this liquidity level when we review the credit ceiling early in the New Year. When it comes to lending or deposits, interest rate is an important factor.
With the high liquidity that we have, interest rates have come down. They are now back at the same level they were in 2005 and in some cases; the rates are lower than in 2005. And I wish to acknowledge that on several occasions Westpac was the first commercial bank to reduce their lending rates.