The Central Bank is committed to continuing to drive improvements in the functioning of the system, such that it is appropriately resilient, and that it is serving the needs of its consumers and the wider economy. Protected Disclosures7 Individuals working within the system at all levels have vital roles in the functioning of the system.
The last increase in the cash rate was more than seven years ago, so an increase will come as a shock to some people. But it is worth remembering that the most likely scenario in which interest rates are increasing is one in which the economy is strengthening and income growth is also picking up.