For example, emerging economies are expected to continue to be the driving force of the global economy, and thus fund demand for improving infrastructure and for firms’ business fixed investment as well as for asset management associated with an accumulation of personal financial assets in those economies, is expected to further increase.
A relevant benchmark is the rate at which the central bank provides liquidity in its normal operations. In the Reserve Bank's case, that is a rate which is a small spread (normally less than 10 basis points) to the cash rate.