[5]  Foreign holdings in absolute terms have increased over this period but they haven't kept pace with the growth in the stock of government debt. © Reserve Bank of Australia, 2001–2018. All rights reserved. http://www.rba.gov.au/speeches/2018/sp-ag-2018-06-06.html  19/19
5 Conclusion Ladies and gentlemen  Alan Blinder has found a handy definition not only for price stability, but also for central bank credibility: “A central bank is credible if people believe it will do what it says.”[13] That’s why it’s so important that we express our determination not only in words, but also in deeds.