The recipients receive a cash scholarship, mentorship with a Bank economist and a job offer. The seven most recent winners were announced last month, along with the winners of Bank scholarships for indigenous students and students with disabilities. Congratulations to everybody. I am here to explain our decision yesterday to cut interest rates by half a percentage point.
Philip Lowe: Bank regulation and the future of banking Remarks by Mr Philip Lowe, Deputy Governor of the Reserve Bank of Australia, to the 41st Australian Conference of Economists, Melbourne, 11 July 2012. *  *  *  Thank you for inviting me to be part of this panel on Bank Regulation and the Future of Banking.