It is always encouraging to see businesses growing. Look at this complex. It was completed about six months ago. It is now a modern meeting point in the City. As they say “business must go on” whatever is the environment. No one owes us a living. Investment must continue. We need that now more than ever before. Investment is the locomotive of growth.
Without it, the economy will lose steam. So I hope that Westpac’s confidence will rub off on many of us. We are doing what we can at the Reserve Bank to promote investment. At the end of April we raised the local borrowing limits of non-resident companies in light of the stability in foreign reserves.