All of this suggests that there is good reason to believe that the economy will pick up in the second half of the year. Governing Council therefore believes that this positive outlook is consistent with the current interest rate setting.
The preconditions for financial stability also best ensure that the financial system is efficient in its delivery of financial services, as well as allocating resources efficiently. In making assessments of financial stability, the Reserve Bank does not have a single, well-defined quantitative measure. Instead we draw on a variety of information, practices, and on-going research.