World conditions, domestic population growth and changes in preferences for savings have probably not changed enough to influence New Zealand neutral interest rates materially even if they have generally moved in the right direction. That said, these other drivers do have the potential to affect neutral rates in the future if recent movements are in fact the beginning of longerlasting structural changes.
22. While the new models are beneficial for those units which are digitally active, a large segment of MSME units access credit through traditional lending models.