What type of training - both in terms of knowledge and attitude - could be imparted to make credit counsellors effective? Can the training colleges of banks be of help in this respect? Eighth, should there be a role for non-governmental organisations (NGOs) and consumer organisations in order to expand the outreach of counselling practices?
BIS central bankers’ speeches  3  for monetary policy to be supportive of economic activity, if needed. Tomorrow’s CPI data will provide further information in this regard. It remains to be seen how the Australian economy will respond to the recent financial volatility and the consequent fall in confidence and the loss of wealth.