Examiners also test the institution's actual lending record for specific types of discrimination, such as pricing discrimination in mortgage lending. A specialized Fair Lending Enforcement Section on the Board's staff works closely with staff at the 12 Reserve Banks across the country to provide guidance on fair lending matters and to ensure that the fair lending laws are enforced rigorously.
In subsequent years, the effects on both inflation and growth decline. Our aim is to prevent oil price shocks from having second round effects on inflation so as to minimise their cumulative adverse effects on both inflation and growth. Are you still optimistic about growth?