I repeat that the only reason we are foreseeing any slowdown in growth in 1998 is because of the Asian crisis there was nothing in the domestic economy that pointed in that direction - in fact, it pointed to higher growth. I suspect that in the future evolution of our policy, Asia will be the major influence.
As you know, the Board of the Reserve Bank met on Tuesday and did not make any change to the setting of monetary policy. There had been some speculation over the preceding month that we might ease, but the majority of observers expected no change.