https://www.rba.gov.au/speeches/2019/sp-ag-2019-05-16.html  1/8  5/17/2019  Leaning In: Towards Better Payment and Clearing Systems | Speeches | RBA  Today I am going to talk about examples where collaboration is necessary to improve our payment systems in Australia – instances where firms that are typically competitors are being asked to ‘lean in’.
Third, despite significant progress, the maturation of financial markets is yet incomplete which also reduces, at least partly, the effectiveness of monetary policy instruments. It is essential to recognise that there has been considerable alleviation on all fronts. Fiscal deficits are being progressively reduced though the total public debt as a proportion of GDP is still high by global standards.