If it turns out that full employment is even ‘fuller’ than we thought, getting there would be a real contribution to our third mandate, the economic prosperity and welfare of the Australian people. The level of unemployment consistent with full employment might be an invisible, but it is crucial.
To speed up the development and deepening of the domestic capital market, the BSP will continue to work with other government agencies and the private sector for the completion of critical market infrastructure to further enhance system integrity and overall market confidence And in response to the need to further enhance financial information critical to investor decisions, BSP will also continue to work on the establishment of rating agencies, highlighting their role particularly in the conduct of banks’ risk management in addition, we continue to work with Congress on the creation of a centralized credit information bureau system to help private enterprises get better access to credit, reduce borrowing costs, and minimize the risk exposures of financial intermediaries.