This is the first time the Board has met outside Sydney since October 2019. We are delighted that we are able to do so in this beautiful and historic city of Hobart. It's a great pleasure to be back here. Thank you very much for joining us this evening. Earlier today, the Board held its meeting in the Cabinet Meeting Room here in Hobart.
I would like to thank the Premier very much for his hospitality. Your Cabinet Room was an ideal place for the Board to discuss the state of the Australian and global economies and decide upon the level of interest rates in Australia.