Although the wide range of interchange fees is not unique to Australia, we would want to ensure so far as possible that the regulatory framework does not contribute to this trend or to declining transparency of individual card costs to merchants.
We are paying close attention in particular to the possibility of normalization of monetary policy in the United States, and the consequent impact on emerging market economies, especially Trinidad and Tobago. Boosting business confidence Ladies and Gentlemen, let me now turn to an issue that I would like to highlight in the context of this morning’s discussion on competitiveness and sustainable development.