So as in much of the rest of the country, there are challenges but there are also many positive elements as well. As you may be aware, it is not just interest rates that have been keeping the RBA in the news recently.
A couple of weeks ago, the Australian Government released the report of an independent review into the RBA, which has generated a lot of interest. The Board had an initial conversation about the Review today and is committed to a holistic and comprehensive response.