But many people are interested about the Bank's views about how long it will be before the economy will reach these conditions. They want to know how long it will be before interest rates start to rise. Hence, the Bank has provided a possible timeframe alongside its description of the state of the economy required before considering a rise in the cash rate.
Overall, the commitment is that there will be no significant increases in capital requirements on top of the last adjustments to the Basel regulations. Some restrictions on the use of internal models will come, and they are justified. The consensus view is that internal models were overused before the crisis, e.g. in the absence of sufficient data.