First, during the easing phase, interest rates for most borrowers still came down quite significantly, because the cash rate changes were so large. For mortgages, floating rates in the past year reached their lowest level since 1964.
In other words, we have the vitality of youth as well as the stability and resiliency that come with maturity. This represents a remarkable combination of strengths we can draw from as we face the ever-changing and never-ending challenges that are the burdens of honor of a central bank.