Others, such as those producing machinery and equipment, are facing booming demand. But while each business is unique, most of them are looking for ways to adapt to, and thrive in, these challenging times. Paul and I will now be happy to answer your questions. 2  BIS Review 47/2006
Given this outlook, the Reserve Bank has been lowering the cash rate. We have chosen to do so quite quickly, well before a decline in inflation is evident in the data, in recognition that the international circumstances had changed quite sharply, which have increased the risk of a more abrupt slowing in demand.