In that type of situation, the Reserve Bank would act in the usual way, providing liquidity to the banking sector, and lowering the Official Cash Rate to mitigate the impact on interest rates faced by households and businesses in order to meet our inflation target. Nonetheless, households and businesses might still have difficulty in accessing finance.
This means that we now enter the phase of administering the guidelines so that  2  BIS central bankers’ speeches  Qualified ASEAN Banks (QABs) can operate within the region in the next couple of years. There will be other occasions where we can fully elucidate the details and operation of ABIF.